Where wealth consists mainly of illiquid assets, such as property, an appropriate life policy in trust can provide the means to settle the Inheritance Tax to prevent the sale of this asset. Discuss our whole life insurance services and whole of life policies today.
A whole of life policy written under trust can provide a number of advantages:
- Provision of a capital sum to beneficiaries which they can use to pay IHT liability
- You can specify who will receive the capital lump sum
- Capital can be paid before grant of probate is obtained
- The cost of the policy can be met from annual IHT exemptions
We can advise on the appropriate level of cover, the most cost effective arrangement, underwriting process and use of trusts. We also regularly review the level of cover to ensure it remains appropriate.
Further information about Pensions & Retirement: