Hi to you all. Some of my friends and I were talking about life insurance the other day. It was mentioned that there is such a thing as a life insurance trust. But what is that? And what purpose does such a fund serves? I know that many of you have much more knowledge of such things than I do so any information would be very welcome.
This is a form of trust fund that you can set up through your life insurance company. With such a fund you can name a beneficiary to receive money in the trust completely free of Inheritance Tax (IHT). The fund is nit flexible, like some other funds, and the beneficiary cannot be changed larer on. I hope this is enough information for you. If you have any other question do come back!
