If I Have A High Value Estate?

 

Effective Ways To Manage Your Estate

Well-planned insurance policies are suitable if you own assets of considerable value, such as property or investments.
On death, IHT is payable before your estate can be distributed, and at up to 40% of the net value of your estate after the deduction of any available reliefs or allowances. Life insurance provides a cost-effective and simple solution allowing for the preservation of wealth within the family and providing immediate liquidity to fund the IHT due.


Life insurance can be arranged to match the flow of liabilities on death and should be written into a suitable trust to ensure funds are available immediately to executors.


Annual Tax On Enveloped Dwellings


With the introduction of the annual tax on enveloped dwellings (ATED) and the increased stamp duty land tax (SDLT) levied on the purchase of UK residential property by non-natural persons (NNPs), life insurance provides an alternative, cost-effective planning solution.


We provide life insurance policies to protect against the IHT exposure realised by purchasing UK residential property or by unwinding existing structures.


Please get in touch if you would like to speak to us about arranging an insurance policy suitable for funding IHT by emailing contactus@jlib.co.uk or calling 020 7633 2222.

 

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"We believe it makes sense to take advantage of all the reliefs and allowances available to mitigate tax."