Life insurance: is it subject to probate?

A recent article published on the Kings Court trust website www.kctrust.co.uk/. For the full article click below.

When a loved one dies and they have a life insurance or assurance policy, that policy may pay out a very significant sum. It’s only natural to question whether the payout forms part of their estate, which may be subject to probate, Inheritance Tax and other taxes, and also liable for any debts they may leave behind.

Read the full article on the link below.

Full article