When trusts are tricky

TRICKY TRUSTS

clock •

It is almost always best to write life insurance policies into trust, but the practice is not always popular among clients. Rachel Dalton finds out why

Life insurance policies provide a lifeline to families suffering the loss of a member. It makes sense that bereaved families would want to access the money provided when a life insurance policy is triggered as quickly as possible, and a trust can help to do that. However, setting up a trust is not always straightforward and there is no one-size-fits-all solution. Why trusts? Usually when a policy holder dies, their life insurance policy passes into their estate. It is then subject to all of the complications of probate. Alan Lakey, director at Highclere Financial, explains: “G...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Advised clients want more personal investment communication

Advised clients want more personal investment communication

Four in ten say comms focused more on product than goals

Jenna Brown
clock 12 November 2026 • 3 min read
How economic abuse manifests itself in pensions, mortgages and protection

How economic abuse manifests itself in pensions, mortgages and protection

Second in a three part series

Shelley Read
clock 11 November 2026 • 5 min read
Celtic FP founder launches online admin platform for advisers

Celtic FP founder launches online admin platform for advisers

‘Developed by people who understand the industry’

Jenna Brown
clock 10 November 2026 • 2 min read