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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 tax planning, achieving 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.As an estate tax planning law firm with a wealth of experience, 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.
Our team of estate tax planning lawyers is on hand to assist with any guidance required. We can cover estate planning insurance and other legalities with you.
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Aaron Schumacher
Partner | New Haven
Ceri Vokes
Partner | London
James R. Brockway
Partner | New Haven
Richard S. LeVine
Consultant | New York
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Families and family offices
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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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