A Discretionary Trust is a legal arrangement which allows the owner of a life insurance policy (the settlor) to give their policy to a trusted group of people (the trustees), who look after it.

At some time in the future they pass it on to some people from a group that the settlor has decided (the beneficiaries).

The trustees have discretion about which of the beneficiaries to pass it on to, how much each will get, and when.

 

For more information including a video about Discretionary Trusts and how to complete them click here. 

 

Speak to your financial adviser for advice.

How do I complete my Discretionary Trust form?

Visit our Trust Hub below.