Avoid U.S. estate taxes with life insurance
Article Abstract:
Life insurance can be used by nonresident alien domiciliaries as a nontaxable source of funds to pay estate taxes. Insurance proceeds can be held in a foreign trust to shelter them from US taxes, but distribution of these funds to a US resident will be taxed. There are ways to distribute some of the funds to beneficiaries tax-free, while keeping the rest in the offshore trust.
Publisher: A.M. Best Company, Inc.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1995
Tax Law, Public Finance Activities, Planning, Usage, Taxation, Life insurance, Decedents' estates, Tax exemption, Tax exemptions
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1995
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Protect settlement pie from quickly withering
Article Abstract:
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Publisher: A.M. Best Company, Inc.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1995
Methods, Economic aspects, Financial planning, Personal injuries, Commercial arbitration
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
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