skip to main content


A trust is a legal means that allows a gift to be made to someone without giving them any control over the gifted property.

Reasons to set up a trust


If the policy is written in trust, the trustees can make the claim and the proceeds will be paid straight away. If not in trust there could be significant delay at the time when the money is needed the most.

Nomination of Beneficiaries

Clients often assume that the life policy proceeds will be paid out to their families in the event of their death. However, if the plan is not in trust, the proceeds will be paid to the deceased's estate. How can they be sure that the proceeds will end up in the right hands? When you are setting up a trust you have control over who will administer any money paid out for a claim (the trustees) and who will benefit from any money paid out (the beneficiaries). This can avoid any disputes or delays in payment of proceeds.

Simply writing the policy in trust and nominating the intended beneficiary on the Trust Form can avoid any disputes or delay in payment of proceeds.

Tax Planning

If not placed in trust, proceeds from a Life Policy will be added to the value of the Estate on death for Inheritance Tax purposes. By placing the plan in trust some or all of the proceeds of the policy will be paid direct to the beneficiary and therefore may not be liable to Inheritance Tax. Please note that Brooklyns Financial does not offer advice on taxation matters. You should contact your accountant or other suitably qualified person to confirm whether this product is appropriate for your circumstances.

Peace of Mind

A trust ensures your policy proceeds are put in the right hands at the right time.

Whenever we provide you with a recommendation for a life or life and critical illness cover, we will also advise whether you should place that cover in trust and arrange for this to be done where appropriate.

Trusts are not regulated by the Financial Conduct Authority.

Get in touch

We're committed to finding the right mortgage for you.

Don't take our word for it. We're highly rated by our customers on Trustpilot and Google.

Your property may be repossessed if you do not keep up repayments on your mortgage.

The latest from the Brooklyns team
We will work hard to find the right mortgage for you.
Great reviews on Truspilot Great reviews on Google
"Second time I'm working with Harpreet. She is extremely helpful and supportive at all stages of the process! Highly recommend her and the firm as they genuinely provide you the individual attention you need."
- Anmol From Trustpilot, December 22
"Agnes has made my journey through this stressful time so much better and easier. I could not of done it without you so thank you for all your help, time and support you have shown me."
- Shanz From Trustpilot, December 22
"Great team and great transparent service. I have been working with Brooklyns for a number of years now and they have always provided a quality professional service being able to deliver especially in this incredibly volatile period we have gone through."
- Manoj from Google, September 23