Grant not always required

Question 1

Why is a grant not always required?

Answer 1

can provide assests quickly after death

Question 2

beneficial joint property

Answer 2

the deceased share is part of the taxable estate

may be subject to IHT if not passing to a spouse/civil partner

Question 3

Life insurance policies written in trust

Answer 3

beneficiaries of the trust are already entitled to the proceeds which cannot be overridden by the terms of will/intestacy

policy proceeds are outside of the deceased estate for IHT

Question 4

Death in service pension death benefits

Answer 4

Payable at the discretion of the trustees.

deceased has no entitlement which is capable of passing under will/intestacy or forming part of the estate for IHT