YOUR FAMILY’S FINANCIAL SECURITY
Inheritance Tax Planning (Section 72)
Protect Your Legacy with Strategic Inheritance Tax Planning
At Prosperous, we believe inheritance tax planning is not just about minimising tax liabilities but about ensuring your overall financial plan supports your family’s future. Section 72 provides a strategic way to fund potential inheritance tax liabilities, safeguarding your loved ones’ financial security and ensuring your wealth is preserved.
Our approach goes beyond policy selection. We integrate Section 72 planning into a holistic financial strategy that aligns with your estate planning, retirement goals, and broader legacy ambitions. This ensures a seamless wealth transfer that reflects your priorities and protects your family’s financial future.
Let us help you create a tax-efficient financial plan that prepares your estate and minimises the impact of inheritance tax on your beneficiaries.
What we offer...
Customised Inheritance Tax Planning
Every family’s financial situation is unique, so your inheritance tax plan should be too. We analyse your assets, family dynamics, and future goals to develop a customised strategy that minimises the tax burden on your estate. By integrating Section 72 planning into your overall financial plan, we ensure a cohesive approach to protecting your legacy.
Section 72 Life Insurance Policies
Section 72 policies are specifically designed to cover inheritance tax liabilities, offering a practical way to protect your beneficiaries. Our advisors will guide you in selecting and structuring the right life insurance policy, ensuring it complies with Section 72 requirements and fully funds any inheritance tax due on your estate.
Holistic Estate Planning Integration
Section 72 planning is most effective when it complements your broader financial plan. We ensure your inheritance tax strategy works seamlessly with your retirement planning, wealth transfer goals, and other estate planning tools. This integration ensures your financial plan supports your family’s future in a tax-efficient way.
Our Inheritance Tax Planning Process
Initial Consultation
We start by understanding your estate, family structure, and goals for wealth transfer. This initial consultation allows us to identify potential tax liabilities and design a tailored inheritance tax plan that fits your needs.
Policy Selection & Tax Strategy
Once we’ve assessed your inheritance tax exposure, we’ll help you select a Section 72 life insurance policy that addresses your needs. This policy will be structured to cover any tax liabilities, ensuring your loved ones receive the full value of your estate.
Estate Integration
We integrate your Section 72 policy into a broader estate plan, aligning it with your retirement, savings, and wealth transfer strategies. This ensures your entire financial plan works together to protect your family’s future.
Ongoing Review & Adjustments
As your circumstances, estate value, and tax laws change, we regularly review your inheritance tax plan to ensure it remains relevant and effective. This proactive approach keeps your financial plan aligned with your goals.
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Frequently Asked Questions
Section 72 policies are life insurance policies designed to cover inheritance tax on your estate, ensuring your beneficiaries receive the full inheritance without tax liabilities. We’ll help you choose the right policy for your needs.
Anyone with a taxable estate who wants to minimise the tax impact on their beneficiaries can benefit from inheritance tax planning. We’ll assess your estate to determine the best approach for you.
Section 72 policies are structured to cover inheritance tax, fitting seamlessly into your overall estate plan. We’ll integrate this policy with your wealth transfer goals to ensure your family is protected.
Regular reviews help us adjust your policy to reflect changes in your estate’s value or tax laws. We’ll ensure your inheritance tax plan remains relevant and effective.
Prosperous Financial Planning Limited is authorised under Regulation 30 of the European Union (Consumer Mortgage Credit Agreements) Regulations 2016 to engage in the business of being a Mortgage Credit Intermediary on behalf of the following undertaking(s): Finance Ireland Credit Solutions DAC t/a Finance Ireland, Avantcard DAC t/a Avant Money, Haven Mortgages Ltd, Dilosk t/a ICS Mortgages