Discretionary Trust - settlor excluded with a protection policy

A protection policy can be written on an own life or joint life second death basis to cover the Inheritance Tax bill on the estate. The policy can then be placed under trust, where the Settlor is excluded from benefiting so that the sum assured can be used by the beneficiaries to cover tax owed and release the estate.

Visit the Trustability Hub for useful support materials about trusts.

Try out our Discretionary Trust Tax calculator which calculates the entry, periodic and exit charges associated with Discretionary Trusts.

Visit the Trust Form Finder to access all the forms you will need to set up a trust. 

Please Note