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Use of insurance in estate planning
Our knowledgeable global tax team can help you to use your insurance contracts to simplify your estate plans and achieve more efficient income and capital gains tax results. This approach may be especially useful if you have cross-border interests.
Insurance can play a vital role in achieving superior income and capital gains tax results.
Many clients naturally view insurance as risk mitigation, and this is primarily how insurance or annuity contracts are used.We believe that insurance contracts and bonds can be utilized as an investment vehicle that can help achieve more efficient income and capital gains tax results. Insurance is ideal for our international clients because it is recognized around the world as a tax-advantaged investment vehicle, and so is particularly well-suited for use in cross-border planning.
Buying single premium life insurance policies in the form of contracts is simple and more flexible than managing the taxation and reporting around individual or directly purchased contracts, and additionally benefits from the services of professional investment managers. A practical example of how this can simplify your estate plans is using insurance contracts to shelter a portfolio from the punitive Passive Foreign Investment Company rules in the US.
Recent recognition
The UK "non-dom" regime
"Non-doms" have returned to the political spotlight.
In our series of articles we explore what the UK "non-dom" regime is, what it may look like in the future as a result of potential political change and the alternatives regimes available across the world.
Read our short articles below to find out more.
Our team
Aaron Schumacher
Partner | New Haven
Ceri Vokes
Partner | London
James R. Brockway
Partner | New Haven
Richard S. Levine
Special counsel | New York
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Families and family offices
Families call on us when they want a firm that understands their needs – whether they are looking to pass down wealth, set up and run a family office, or make their mark through philanthropy. Find Out More
Founders
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High net worth individuals
With complex interests that often span several jurisdictions, highly successful people need seamless advice. With a full-service offering across our offices around the world, we provide just that. Find Out MoreHow else can we help?
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