The Succession Trust

This discretionary trust gives the settlor full access to the trust fund. The remaining trust fund is held for the benefit of the settlor’s family or named potential beneficiaries.

Summary of benefits

  • The settlor, as a lifetime beneficiary, retains access to the policy.
  • A wide discretionary class of secondary beneficiaries.
  • Avoids the need for probate.

Note: the settlor is a beneficiary. This trust is not effective for inheritance tax (IHT) planning purposes however a chargeable lifetime transfer (CLT) will occur on creation and periodic and exit charges may apply.

Access our Succession Trust Deed