Quote:
Originally Posted by Stu
I was thinking with life assurance that it could go to someone specifically instead of first into your Estate. Thereby avoiding inheritance tax as well as creditors?
Or is that not possible  |
Yes of course it is, it's frequently done. The policy would be written in trust. It's a perfectly acceptable form of estate planning. But if you arrange things purely so as to avoid creditors, the creds mightn't be too pleased.