The Resource The tax risks and benefits of offshore private placement insurance

The tax risks and benefits of offshore private placement insurance

Label
The tax risks and benefits of offshore private placement insurance
Title
The tax risks and benefits of offshore private placement insurance
Creator
Subject
Language
eng
Summary
When keeping investments in offshore insurance wrappers goes wrong. For decades, high-net-worth (HNW) and ultra-high-net-worth (UHNW) taxpayers and their advisors have utilized insurance wrappers for legitimate insurance, tax and estate planning purposes. By placing otherwise taxable investments within a type of variable universal life insurance (VUL) policy, taxpayers have been able to accumulate tax-free earnings and provide their beneficiaries with a tax-free death benefit. Nonetheless, qualifying for this favourable and congressionally induced tax treatment is no easy task
Citation source
In: Practical tax strategies. - Hoboken. - Vol. 100 (2018), no. 4 ; p. 14-18
http://library.link/vocab/creatorName
Sweeney, K.F
Geographic coverage
International
Language note
English
http://library.link/vocab/subjectName
  • investment
  • high net worth individual
  • risk
  • insurance company
  • life insurance
  • tax planning
  • estate planning
Label
The tax risks and benefits of offshore private placement insurance
Instantiates
Publication
Label
The tax risks and benefits of offshore private placement insurance
Publication

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.3736660 4.9336932
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