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Life insurance can serve as a financial buffer, providing the necessary funds to cover IHT bills directly. This is particularly advantageous as it circumvents the need for beneficiaries to potentially liquidate assets from the estate to pay taxes.
Popular tags: Inheritance tax planning, iht planning, life insurance and inheritance tax, life policies and inheritance tax, trusts and inheritance tax, whole of life insurance, life policies written in trust, life insurance for inheritance tax, whole life insurance, inheritance tax planning uk, estate planning, financial planning
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Note: This page is for information purposes only and should not be considered as financial advice. Always consult an Independent Financial Adviser for personalised financial advice tailored to your individual circumstances.