@@PaulArcher what a shame I’m in Lincoln. I failed RO5 by one question and struggled with chapter 5 and 8 as I only really do non advised life cover, IP and PMI
Hi there... 1)Are bare trusts better than discretionary trusts for a level term life insurance policy. 2) Is it necessary to have the trust put into a company and if so what type?
That's up to you Ella. For life protection trusts I would stick to Discretionary Trusts, Issuing discretionary trusts give the trustees complete discretion as to who gets the money, hence no immediate IHT charge. No decision is made until death; thus, no lifetime transfer has taken place. No need for a company if its just life assurance protection needed, ad the life office can take care of the forms. Keeping it simple is the key
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I am finding this so helpful brilliantly explained- thank you Paul
Thanks. Great video
Thank you for the detailed explanation!
This video is just what I need now!!! Very, very helpful Paul. Thank you
My pleasure, glad to help
very useful information. thanks
Brilliant video. Paul, I love your teaching and wish you were teaching the RO5 as a course. You make tough subjects seem easy. Thank you!
Hi Jan, why thank you :-) and I do teach R05 for the PFS Regions - Hampshire and Surrey
@@PaulArcher what a shame I’m in Lincoln. I failed RO5 by one question and struggled with chapter 5 and 8 as I only really do non advised life cover, IP and PMI
@@PaulArcher Typical, as I'm in Lincoln lol. Do you have an online course?
@@janhbc The courses are all online. Classroom training is soooo 2000s
@@PaulArcher So how do I access RO5 training?
Very useful 👌
Hi Paul, very helpful and informative video! But would you be able to explain on different disbursement methods of assets to beneficiaries?
Understand there would be a 10year periodic charge & exit charge on the trust assets, any insights on that?
@@MrAshirash Hi Ashir, I would say your follow up questions deserve the time of a trusts lawyer or other expert
Hi there... 1)Are bare trusts better than discretionary trusts for a level term life insurance policy. 2) Is it necessary to have the trust put into a company and if so what type?
That's up to you Ella. For life protection trusts I would stick to Discretionary Trusts, Issuing discretionary trusts give the trustees complete discretion as to who gets the money, hence no immediate IHT charge. No decision is made until death; thus, no lifetime transfer has taken place. No need for a company if its just life assurance protection needed, ad the life office can take care of the forms. Keeping it simple is the key
@@PaulArcher thanks for your response and clarity.
Hi could you please make video on Collective Investment?
Of course Tanya - I'll put some on for you
Can the trustee be the person who inherits the life policy?
Yes but you ought to have others as well as well as you
Thank you so much! Wonderful video - I am studying for me RO exams and I find this helpful