Thoughts on estate planning
Threats and Opportunities – overview
We have given it some thought on succession planning of wealthy clients. What are the challenges our partners and their clients are facing today and tomorrow?
As PDF-download for digital read or print.
Only ¼ of all clients have a will in place
In case your client does not have a will or testament in place, on death the legal order of succession will be applicable. This means the probate process will have to be completed, i.e. the estate first needs to be assessed before being settled which can be a cumbersome exercise.
“Clients are experiencing the laws of succession and taxes as complex. Provided proper structuring and early planning, the tax burden of an inheritance or gift can be reduced significantly.“
Free choice of Beneficiaries in quota and rank – revocable anytime
With Private Placement Life a payment to individually appointed beneficiaries can be set up in a simple and effective way. The beneficiary clause is a contractual arrangement – in case of death the assets do not fall into the estate. An inheritance certificate is not necessary.
IAB goes digital
We can also implement Private Placement Life solutions online according to the wishes of your clients.