Howard Kaye understands that inheritance taxes have been the concern of millions of heirs over the years, with many families shocked by the high cost of paying the taxes on their inheritance. When you or someone you love dies, the cost of inheritance taxes can be as much as 50% of the entire value of the estate. Howard Kaye Insurance Agency, Inc. addresses this issue with innovative and original ways to have life insurance proceeds pay inheritance taxes, so that more of your hard-earned money is passed on to your heirs.
Have Life Insurance Proceeds Pay Your Inheritance Taxes - An Investment In The Future
If you're planning your own estate and would like to reduce the inheritance taxes your heirs will pay, it's time to talk to Howard Kaye or one of his associates at Howard Kaye Insurance Agency, Inc. They will work with you to develop a plan to cover the cost of inheritance taxes with the appropriate life insurance policy or irrevocable life insurance trust.
Howard Kaye explains on the Howard Kaye Insurance Agency, Inc. website that a trust of this type can be a great way to ensure estate taxes will be paid with proceeds from a life insurance policy without having to dip into the estate itself. You are essentially purchasing peace of mind - if you have purchased a life insurance policy from the Howard Kaye Insurance Agency, Inc. on your life, the proceeds of that trust may be able to pay the estate taxes in full, leaving your inheritance intact for your heirs. The beauty of this approach is that there are no inheritance taxes or income taxes on the proceeds of a life insurance policy if structured properly.
Howard Kaye stresses that there are other, additional advantages to having life insurance proceeds pay your inheritance taxes with the help of an irrevocable insurance trust, perhaps giving you the opportunity to leave a substantial sum to your favorite charities as well as your heirs. At Howard Kaye Insurance Agency, Inc., insurance proceeds can pay your inheritance taxes while increasing the size of your estate - a wonderful legacy for everyone.
