Q&As

Can a trust over policy proceeds be implied when trust documentation was not completed?

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Published on LexisPSL on 26/05/2017

The following Private Client Q&A provides comprehensive and up to date legal information covering:

  • Can a trust over policy proceeds be implied when trust documentation was not completed?
  • Case study
  • Trust over policy

Case study

Where shareholders of a private company had an intention and mutual understanding to write life and critical illness policies in trust for the purpose of enabling the company shares to be bought by the other shareholders on one shareholder's death or critical illness, but the trust documentation was not completed.

Trust over policy

Where an individual seeks to declare a trust over property which they hold, it is necessary that the settlor manifested an intention to become a trustee of certain of their

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