- Published On: January 20, 2022|4.9 min read|
How to Use Life Insurance to Mitigate Inheritance Tax
If your total combined assets including your life insurance exceed the inheritance tax threshold, your beneficiaries will have to pay the inheritance tax due before they are able to gain access to your estate. The life insurance, alongside other assets, will also need to go through probate, which can take months, if not longer to complete. Luckily, there are ways to mitigate this.
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- Published On: March 11, 2018|6.3 min read|
Thinking about setting up a trust? Which trust is right for you?
Absolute/Bare TrustsA bare trust is one where the person who benefits from it (referred to as the beneficiary) has an immediate and absolute right to the assets that are transferred [...]
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- Published On: March 6, 2016|2.7 min read|
Why you should place your life insurance policy under trust
According to a 2014 survey by Legal and General, an eye watering £530 million was paid in inheritance tax (IHT) by people not placing their life insurance policies ‘under trust’Putting [...]
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