The Non-Financial Benefits of Taking Out a Section 72 Policy in Ireland
When people consider Section 72 policies, they often focus on the financial benefits—primarily the tax savings that help reduce inheritance tax liabilities. However, these policies offer a range of non-financial advantages that can be just as valuable.
How Setting Up a Section 72 Policy in Trust Can Benefit You
When it comes to estate planning, one of the key concerns is how to reduce the tax burden for your beneficiaries. A Section 72 life insurance policy is designed to help cover inheritance tax (CAT) liabilities. But did you know that by placing your policy in trust, you can gain even more advantages?