Inheritance Tax Planning

Death can also trigger another very unwelcome event – a tax bill. This will typically arise when sufficient assets are made available to anyone other than a spouse. While this is not an issue if there is cash left to these people, the situation changes if they are assets such as property. It may not be timely to sell the property or indeed there may be a desire to keep it, but there could be a tax liability to settle. Life insurance can be arranged to ensure there is cash available on death to cover such a tax liability, removing another headache for those receiving an inheritance.