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Jo C.
Jo C., Barrister
Category: Law
Satisfied Customers: 70419
Experience:  Over 5 years in practice
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I have taken out a life insurance and i want my son to receive

Customer Question

I have taken out a life insurance and i want my son to receive the benefit and the insurance company have sent me 2 forms one called a Baretrust Form and the other is a Discretionary Trust Form and i don't know which one i should complete aall i want is my sion to receive the full amount.
Submitted: 3 years ago.
Category: Law
Expert:  Jo C. replied 3 years ago.
Hi.

Thank you for your question. My name is XXXXX XXXXX I will try to help with this.

A discretionary trust gives trustees discretion as the name suggests!

You would be better with a bare trust so that he gets all the money outside of your estate and regardless of what your will says.

Is that all you wanted to know?

Jo
Jo C. and other Law Specialists are ready to help you
Customer: replied 3 years ago.

i thought it was that one but needed confirmation thank you so much.

Expert:  Jo C. replied 3 years ago.

No problem and all the best.

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