Trusts

Partnership now offer trust forms for private estate planning and for business protection.

The private estate planning trusts are intended for use by policyholders who wish to give away outright the benefit of their Partnership policy. Policyholders may choose to retain the right to receive terminal illness benefits if they have opted for that benefit.

The Flexible Business Protection Trust is intended for use by policyholders who, together with others, own interests in businesses, and who wish to make provision for the other business owners should they die.

These trust forms can be used with all of Partnership’s Protection products.

Please note: Trusts can be complex, and can be difficult or in some cases impossible to unravel once set up. Policyholders and prospective policyholders must obtain professional advice in order to place their policy in trust.

Partnership Life Assurance Company Limited cannot advise policyholders or trustees and can accept no responsibility for the tax or other consequences of using any Partnership trust form. 

If you are a Professional Adviser, click here to log in and access the forms and supporting documents.