Trusts literature

Business Trust form

Create a Business Trust using this form. It can be used for any protection policy where the plan owner is a partner or shareholder in a business and wants the policy to benefit the other partners or shareholders.

Deed of appointment and assignment - Business Trust

Use this deed to remove the business protection plan from the business trust where the plan owner is still active in the business.

Deed to remove settlor as a discretionary beneficiary - business trust

This deed can be used to remove the settlor as a beneficiary of a business trust. This can help to avoid tax issues if there has already been a payout.

Draft Relevant Life Plan Trust Request and Nomination Form

This form is to show the terms of the trust that will be created if your client decides to instruct you, as their Adviser, to complete the trust for their plan online on their behalf.

Relevant life policy nomination form

Use this form when an employer takes out a Relevant Life Plan, and the employee wants to tell the trustees who should receive their benefits on death. 

Relevant Life Plan Trust- deed of appointment and assignment form

Use this form to change a Relevant Life plan to a Personal Protection plan if the person covered by the policy is leaving the business.

Relevant Life policy trust and nomination form

This trust form is used to create a Relevant Life policy, when used with a plan that has been taken out on an employee by an employer.

Discretionary Trust

This Discretionary Trust is designed to allow payment of plan proceeds to the trustees without the need to obtain grant of probate, grant of confirmation or letters of administration. 

Draft Request Form For The Discretionary Trust

This draft request form will show your client the terms of the Discretionary Trust that will be created if they instruct you to complete the trust for their plan online. It can also be used as a data capture form.

Letter of Wishes form

Clients can use this form to let trustees of their discretionary trust know who they would like to receive the benefits from their plan.

Split Trust - Bare

Use this trust for protection plans where the plan owner wants the benefits to be held absolutely for chosen beneficiaries.

Split Trust (Jointly owned plans - survivor to benefit) - Bare

Use this trust for jointly owned protection plans where the plan owners wish the benefits to be held absolutely for chosen beneficiaries.

Business Trust form

Use our Business Trust form where the plan owner is a partner or shareholder in a business and wants their plan to benefit their co-owners.

Draft Relevant Life Plan Trust Request and Nomination Form

This form is to show the terms of the trust that will be created if your client decides to instruct you, as their adviser, to complete the trust for their plan online on their behalf.

Relevant Life policy nomination form

Use this form when an employer takes out a Relevant Life Plan, and the employee wants to tell the trustees who should receive their benefits on death. 

Relevant Life policy trust and nomination form

This trust form is used to create a Relevant Life policy, when used with a plan that has been taken out on an employee by an employer.

Discretionary Trust

This Discretionary Trust is designed to allow payment of plan proceeds to the trustees without the need to obtain grant of probate, grant of confirmation or letters of administration. 

Draft Request Form For The Discretionary Trust

This draft request form will show your client the terms of the Discretionary Trust that will be created if they instruct you to complete the trust for their plan online. It can also be used as a data capture form.

Letter of Wishes form

Clients can use this form to let trustees of their discretionary trust know who they would like to receive the benefits from their plan.

Split Trust (Jointly owned plans - survivor to benefit) - Bare

Use this trust for jointly owned plans where the surviving plan owner wants to receive the benefits. The trust allows a plan owner to benefit if they survive the first to die by 30 days.

Split Trust - Bare

Use this trust where the plan owners want to retain some benefits and gift others.

Pension term assurance – member’s nomination form

Your client can use this form to nominate someone to receive a lump sum payment benefit on their death, under a Pension Term Assurance (PTA) plan.

Deed of appointment of new trustee/ removal or resignation of trustee

Use this form where your client wants to add trustees.

Deed of appointment and assignment - Business Trust

Use this deed to change a business protection plan to personal protection plan by removing it from a business trust. This can only be done while the person covered (the settlor) is still an owner of the business. 

Deed to remove settlor as a discretionary beneficiary - business trust

This deed can be used to remove the settlor as a beneficiary of a business trust. This can help to avoid tax issues if there has already been a payout.

Relevant life policy nomination form

Use this form when an employer takes out a Relevant Life Plan, and the employee wants to tell the trustees who should receive their benefits on death.

Relevant Life policy trust - deed of appointment and assignment

Use this form to change a Relevant Life plan to a personal plan if the person covered by the policy is leaving the business.

Letter of Wishes form

You should complete this form to tell your trustees which of the discretionary beneficiaries you would like to receive the benefits from your plan.

Deed of appointment (Absolute)

This deed can be used for discretionary trusts where the trustees want to ensure benefits go to specific beneficiaries. From this point on, the benefits will be held for them absolutely and cannot be paid to anyone else. 

Deed of appointment - absolute split trust

This deed can be used for split trusts where the trustees want to ensure benefits go to specific beneficiaries. From this point on, the benefits will be held for them absolutely and cannot be paid to anyone else.

Deed of Appointment of a Beneficiary

Use this deed with Royal London trust forms to change the shares of a named beneficiary, or to give a share to a discretionary beneficiary.

Deed of Assignment

Use this deed to transfer the ownership of a policy to someone else. This can be another person or the trustees of a trust. 

Change of plan number form

If your client's protection plan number has changed, they can use this form to update their existing Royal London trust with the new plan number.

Specimen Cross Option Agreement - Individual purchase

This specimen agreement helps to arrange the purchase of company shares from deceased or critically ill shareholders, by other shareholders or partners.

Specimen Cross Option Agreement - Company Share Purchase

This draft agreement helps to arrange the purchase by the company of shares from deceased or critically ill shareholders.

The benefits and uses of a trust

This guide explains why trusts may be advantageous and the different trusts we offer. It details the benefits and the purpose of each trust and exactly when each can be used to help you choose the right trust for your client. 

Good Parent Portfolio guide

The good parent portfolio helps you talk to your clients about making a will, putting protection plans in trust, and the importance of thinking about guardianship.

Parental responsibility flowchart England and Wales sales aid

This flowchart highlights situations where a father may not have automatic parental responsibility if his unmarried partner dies

The rules of intestacy - England and Wales sales aid

Use the flowchart to talk your clients through what would happen to their estate if they died without leaving a will, according to the law in England and Wales.

The rules of intestacy - Scotland sales aid

This flowchart will help you talk through what would happen to your client's estate if they died without leaving a will, according to the law in Scotland.

The rules of intestacy - Northern Ireland sales aid

Use the flowchart to talk your clients through what would happen to their estate if they died without leaving a will, according to the law in Northern Ireland.

Parental responsibility flowchart England and Wales sales aid

This flowchart helps explain where parental responsibility falls, according to the laws in England and Wales, when an unmarried mother dies. It shows the responsibility for the father, mother, adoptive parent, stepparent and civil partner.

Parental responsibility flowchart Scotland sales aid

This flowchart highlights situations where, according to Scottish law, a father may not have automatic parental responsibility if his unmarried partner dies.

Parental responsibility flowchart Northern Ireland sales aid

This flowchart highlights situations where a father may not have automatic parental responsibility if his unmarried partner dies, according to the law in Northern Ireland.