Trusts and beneficiaries

Trusts, trustees, beneficiaries and inheritance tax.

• Should my life insurance be in trust?
• What does a trustee do, and who should I choose?
• Can I change who receives the money from my policy?
• Will the insurer automatically know when I die?
• How do I know whether my policy is already in trust?
• What is a beneficiary?
• Can I add or remove a trustee?
• Who receives the money when a policy in trust pays out?
• What happens if a beneficiary is a child?
• If I have a will, do I still need a trust for life insurance?
• Does putting life insurance in trust avoid inheritance tax?