SLG LiveSite Portlet

Estate planning

Estate planning is all about ensuring that family wealth passes into the right hands at the right time, with minimum liability to inheritance tax.

Your clients demand not just effective estate planning solutions; they also want expert guidance, and the sort of support that helps them make the right decisions.

We offer you all round estate planning support and can help you with trusts, investment guidance for trustees and family wealth planning.

Plans we provide

Find out more about the three plans we provide:

Trusts we provide

  • Discretionary Trust – lets the client indicate who they would like to benefit from the Plan, but the trustees have the final choice.
  • Absolute Trust – your client specifies the beneficiaries when the Plan is set up. These beneficiaries can’t be changed by the trustees.
  • Flexible Trust – lets the trustees choose who benefits from the beneficiaries defined in the Trust. At outset your client will specify a main beneficiary or beneficiaries. They are entitled to any income and will benefit if the trustees don’t make any choice about the trust fund.

Each trust has its own unique combination of flexibility, capital access and tax implications. Use our trust decision tree PDF to support discussions with clients and help you agree the trust which best suits their needs.

Bypass trust

A simple way to pay lump sum death benefits from a Self Invested Personal Pension into a trust instead of direct to an individual - giving flexibility, asset protection and potential Inheritance Tax (IHT) benefits. Your client will need to complete two documents:

Support we provide

Client support

We have a range of material that can support discussions with your clients.

Estate Planning – the use of AIM IHT investments PDF (430KB)

Although considered high risk, holding part of a client’s portfolio in an AIM investment might be suitable for inheritance tax planning where mainstream planning options have been optimised and the client has sufficient capacity for loss.

Don't leave it all to the taxman PDF (1.3MB)

This placemat highlights how IHT can be an issue for clients and a range of solutions from Standard Life that may mitigate this. It also highlights the adviser support available to help you develop your solutions and our new client service offering to complement your advice model.

Trust Decision Tree PDF (270KB)

Taking your clients through the trust decision tree will establish which solution works best for them.

Help your loved ones PDF (1.3MB)

This guide provides a greater depth of detail on the estate planning options available. It also provides case studies for each of the main trusts which will bring the solutions to life for your clients.

Gift Record PDF (89KB)

Keeping a record of who your clients made the gift(s) to, their value and the date they were made, should speed up any of the checks that may have to be made with HM Revenue & Customs.

Trustee investing support and framework

Estate planning often involves the use of trusts. The trustees will have responsibility for making decisions. There are rules covering the actions of the trustees in relation to how assets are invested.

There are few restrictions on who can act as a trustee. It is not unusual for a family member or the person who created the trust to act as a trustee. However, few ‘family’ members will have the knowledge and experience to carry out their duties without support from an adviser.

With our support you can take a structured approach to help them with a number of topics including:

  • Investment strategy – above all, this will be driven by the goals of the trust
  • Asset allocation – the long term nature of many trusts will impact on the asset classes selected
  • Tax wrappers – opportunities to manage the tax liabilities of the trust are always important
  • Monitoring and reporting – trustees need to be able to evidence their decision making and review processes

A framework for trustee discussions

It's important for trustees to be able to show that they have followed a well-documented and robust investment process. You can use these supporting documents as a framework for your discussions with trustees:

Trustee meeting guide PDF (345KB)

A guide to help you talk trustees through the investment advice process.

Trustee Factfind PDF (169KB)

Captures the basic essential information about a trust client.

Investment Policy Statement PDF (164KB)

Our draft investment policy statement can be a useful framework to help you help your clients. An investment policy statement records all of the key aspects of a trust’s approach to investing assets. Though not always compulsory, a statement will help to guide the trustees and illustrate that they are taking a professional approach to their duties.

Deeds - Life Plans/legacy products

We can provide deeds for many of our Life Plans and Legacy Products such as:

  • Endowments
  • Homeplan
  • Whole of Life Assurance
  • Term Assurance
  • Lifetime Protection Plans/Series
  • Versatile Protection Plan
  • Variable Investment Bonds/Versatile Investment Plans

The above is not an exclusive list.

Please contact us at or call 0345 606 0841 for further information.

Any reference to legislation and tax is based on our understanding of United Kingdom law and HM Revenue & Customs practice. These may be subject to change in the future. Tax rates and reliefs may be altered. The value of tax reliefs to the investor depends on their financial circumstances. No guarantees are given regarding the effectiveness of any arrangements entered into on the basis of these comments.

SLG LiveSite Portlet
SLG LiveSite Portlet