Are the payouts on life policies with death benefit subject to tax ?if they are part of the estate of deceased , in a will? That is, with children of the deceased inheriting but within the max allowable before taxes?
Thank you Car for that. The total value of inheritance, including death benefit from policies , cash, and value of house to be sold would be approx. 250000 between five children so no tax would apply then ?
For example, if we estimate the tax would be 200k now.............
both parents are about the 70 mark, with family history life expectancy would be about the 75 mark.
If the insurers insured a person for €200K for 5 years and thought that person’s life expectancy was 5 years,
Surely then the insurers would have to charge a premium of €200K over the five years plus their mark up and expenses etc.
Might be cheaper just to pay the tax whenever,
No experience whatsoever in this field, but can’t see this been an viable option in the circumstances outlined anyway.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?