K
KarlC
Guest
Over the years i have given some of my kids financial gifts to assist in buying property and various business set ups thereby brining ing them clsoe to the Inheritance Tax thresholds... I currently pay into a Section 60 Life Policy which has been set up for Inheritance Tax purposes.
My question is if the policy pays out 600,000 can i dictate where this 600,000 is to go?? Is it evenly divided up or can it be assigned to one particular son or daughter against a certain inheritance (farm)??
My question is if the policy pays out 600,000 can i dictate where this 600,000 is to go?? Is it evenly divided up or can it be assigned to one particular son or daughter against a certain inheritance (farm)??