Family Pension Death Benefits Trust
£320.00
A Family Pension Death Benefits Trust is a type of trust that is set up to receive and manage the death benefits of a pension plan for the benefit of the family members. The main purpose of this trust is to provide financial security for the surviving spouse and dependents of the deceased.
This product comes with:
This will also add the following products to your cart:
- Memorandum of Wishes
- Nomination of Pension Death Benefits
| Quantity | Fixed price |
| 2 + | £320.00 |
A Family Pension Death Benefits Trust is a type of trust that is set up to receive and manage the death benefits of a pension plan for the benefit of the family members. The main purpose of this trust is to provide financial security for the surviving spouse and dependents of the deceased.
The death benefits from a pension plan are usually paid as a lump sum to the beneficiaries, but a Family Pension Death Benefits Trust can help ensure that the funds are managed and used in a tax-efficient manner. This is particularly important for larger pensions, as the death benefits may be subject to inheritance tax.
By placing the death benefits into a trust, the beneficiaries can benefit from the income generated by the trust, while the principal remains protected from creditors, bankruptcy, and divorce proceedings. The trust also allows the beneficiaries to access the funds at their discretion, making it a flexible way of managing the death benefits.
Our service provides assistance in the creation of a Family Pension Death Benefits Trust. We work with clients to understand their specific needs and goals, and help design a trust that meets those needs and maximises the benefits for the beneficiaries. This may include strategies to minimise taxes, protect the funds from creditors, and provide financial security for the beneficiaries.
