Can trust proceeds fall outside the estate?
A valid policy trust can mean the policy proceeds are paid to trustees rather than to the deceased's personal representatives. Whether and how that affects the Inheritance Tax position depends on the arrangement and surrounding facts.
Do premiums matter?
Premium payments can themselves raise tax questions, particularly where substantial premiums are paid or the policy is part of wider gifting. Do not assume the policy is tax-neutral simply because a trust form exists.
What should be coordinated?
Review the life policy alongside the Will, other trusts, nominations and the intended use of the proceeds. For example, a policy intended to fund an IHT liability should be structured so the money can be used when required.
Tell us what you want to achieve
You do not need to know the name of the legal document or trust before speaking to us. Explain the family, property or planning issue and we can discuss the relevant options.