Welcome to the forum thin on top.

This subject was recently raised here, and the advice from the experts was that this would often be the case.

Any surplus over and above the value of the debts, some interest and the fees and outlays of the trust deed provider would not be affected.

Here's an interesting point. What if there was a named beneficiary on the policy(ies). A bit like an endowment which is assigned.

Mark

When I took out my life insurance policy several years ago I took the decision that any payout would be put into a trust. Looking at the documentation all sums of money would go to those I mention in my trust, without going to my estate.

What is interesting is that my IP has placed an interest in the insurance policy. Whether they would actually receive any monies, if the worst happened, is something I've wondered.

hi was just wondering mark my policy the money would go to my son as i am a single parent and it is he is named on it would he still get it or would it go to my trust deed

I believe there is case law on this subject in relation to sequestrations, which might reasonably be applied to trust deeds too. If I remember correctly the beneficiary of such a payout can be held liable for the deceased party's debts instead.

As I am writing this I am wondering whether I remember this correctly! Maybe I'll double check!