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  • Overview

    The client (a company) offered a Group Life Assurance Scheme (the Scheme) to its employees, but when one of their senior employees passed away leaving an unclear Form of Nomination they turned to Stuart from our Trusts department for a practical solution.

     

    The employee wanted the Scheme to benefit their children so Stuart had to understand the circumstances of the family as well as the rules of the Scheme and the extent of the client’s powers to pay death benefits. A flexible form of Trust was established to administer the death benefits until the children reached their twenties whilst sticking to the rules of the Scheme and not surpassing the client’s powers. The Trust department dealt with the administration, investment, accounting and tax compliance work as well as deploying the Trust money to the children when the time came.

     

    Thomson Snell & Passmore were able to work with the client to find a practical solution, give effect to the deceased’s wishes and find the most appropriate way to ensure the children received what their parent wanted.

  • Related Services

    Wills, Trusts & Tax Planning

    Our specialist lawyers provide high quality, intelligent advice that is comprehensive, considered and clear.

    Trust management

    The successful use of trusts requires effective management.

Newsletter Sign Up

I would like to receive newsletters, event invitations and publications from Thomson Snell & Passmore by email on the following topics (tick all those that apply) and consent for my data to be processed for this purpose.

We respect your privacy and want news to be relevant. To either, click here or update your preferences by emailing us at info@ts-p.co.uk. Your personal data shall be treated in accordance with our & .

Get In Touch

By submitting an enquiry through 'get in touch' your data will only be used to contact you regarding your enquiry. If you would like to receive newsletters from Thomson Snell & Passmore please use the separate form below.

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Jargon Buster