Life policies in trust: Why new govt rules are adding complexity

  The old lack of trusts chestnut In theory, trusts are a great solution to ensuring life cover claims aren't held up in probate on single life cases. For a few, they can also avoid the taxman taking a slice of inheritance tax off the proceeds. But in practice, it's just too hard a sell to get them done. We already know customers find trusts too confusing. The same can be said for insurer administration and marketing teams and not a few financial advisers. So it's not surprising that the uptake of life policy trusts remains stubbornly low and appointment of trustees is even ...