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Life assurance
ET100
Posts: 17 Forumite
I have a life assurance in trust. The trustees are myself and my brother. If I die he’s the sole trustee which I’m wanting. Is this ok? I heard that having just one trustee could void an insurance and other than myself and I am the one insured he’d be the only trustee in the trust and the beneficiary.
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Comments
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It wont void it. It just makes it risier if something happens to you. Appointing a new additional trustee is common sense.
For reference, this is the missale section. Not the insurance section.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.1 -
Dunstonh thank you. So if something happened to me he could be the beneficiary0
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I have him as trustee and beneficiary0
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