Taxation of investment bonds held in trust
A look at who’s liable for income tax on a chargeable event gain for a bond held in trust.
Probate Trust
Find out about probate trusts and how they can help with quick access after your clients die.
Learn how Probate Trusts work
Delays in obtaining probate can leave families waiting months for much‑needed funds, especially where investment bonds* or international policies are involved.
This briefing note explains how a probate trust works, the difference it makes to claims on death, and how it interacts with estates in the UK and other jurisdictions. It is designed to help advisers and clients use probate trusts to speed up access to funds and simplify estate administration.
Read more about how probate trusts work
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*Whole of Life Assurance Policy or Capital Redemption Bond