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life assurance and trust
drmjafri
Posts: 26 Forumite
what is irrevocable life insurance trust
is it better than flexible trust
are there any more types
m
is it better than flexible trust
are there any more types
m
0
Comments
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There are many more trusts. You can even get a solicitor to write up a custom one to suit your needs.
In very simple terms, the clue is in the name. An irrevocable trust or absolute trust (the latter version is more commonly used on life assurance) cannot be changed once it is in force. A flexible trust can be.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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