If you have life insurance you should consider whether or not it is to be paid into your estate on your death. If so, your inheritance tax position is worsened and you should consider whether to make a gift of the insurance policy proceeds into a separate fund benefiting your children but still providing access to such funds for your surviving spouse or civil partner.
We can assist you with determining the position and drafting appropriate trust documents.
Call us on 01484 538121
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