||Trusts, in respect of all the client
profiles we have considered, are not to be regarded as being of
particular relevance to any specific age group and/or status of a couple
or individual. The use of a trust will be determined after analysis of
the client's current position. For example the younger client will wish
to ensure that the individual(s) he wishes to protect on his premature
death receive the benefits without delay and in the correct proportion.
For the older client the purpose of the cover may be to provide for
taxes due on the estate. If the client insures to the estimated level of
taxation the funds are then available to meet or mitigate the tax
leaving the estate intact. This is particularly important where the bulk
of the assets are illiquid.