Webinar Topic: Life Insurance and US/UK Tax Planning
Presenters: Michael Lewis, Director at Frank Hirth & Grayson Dufrene, Managing Director at Vie International Financial Services LTD
How insurance can form an integral part of an individual’s US/UK tax planning arrangements. COVID-19 has focussed people’s minds on mortality risks and there is no better time to ensure you have the necessary and appropriate cover.
Michael Lewis and Grayson Dufrene will be discussing:
- Term life insurance versus permanent life insurance
- Practical uses of life insurance - family planning, business planning and estate/inheritance tax planning
- Cash value policies versus non-cash value policies for UK residents
- Taxation of cash value policies for UK residents
- Ownership of life insurance and the tax implications
- Tax consequences for Americans taking out UK life insurance written in a UK trust?