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US Citizen, UK Life Policy in written into Trust
-
Thenoviceadvisor
- Posts:1
- Joined:Fri Jun 08, 2018 10:47 am
If a US citizen (they have resided permanently in the UK for 15 years) has a UK life assurance policy written into trust, how will this be treated for inheritance tax?
Re: US Citizen, UK Life Policy in written into Trust
Typically, the life policy proceeds will be payable to the trustees on the death of the life assured (US citizen or not) and will fall outside the deceased's estate for UK IHT.
Return to “Inheritance Tax, IHT, Trusts & Estates, Capital Taxes”