Life insurance is a popular and straightforward product. When you die, the policy pays out a sum that covers the inheritance tax due on your assets. For those who choose to reduce their liabilities by giving away assets during their lifetime, we arrange Gift Inter Vivos life assurance to cover the potential liability that could arise if they die within seven years.
The policy that’s appropriate for your family’s situation and needs will depend on a range of factors. We’ll work with your adviser to make sure the payout goes into trust. If you don’t, it will make your estate larger, which will then be liable to pay even more tax.