Sentences with phrase «avoiding estate taxation»

The proceeds upon your death, though, avoid estate taxation and are sheltered from creditors.

The gains on the annuity contract still will be income taxable to the beneficiary and will avoid estate taxation only if the annuitant's spouse is the beneficiary and is a United States citizen.

Not exact matches

For estate tax planning and business continuity succession planning purposes, taxation is a negative result to be avoided.

And again, if you transfer the policy less than three years before you die, it's still considered part of your estate, and if the estate is subject to taxation, your beneficiary won't be able to avoid the estate tax.

Generally speaking the policy must be owned by someone other than the insured for at least three years prior to death in order to avoid taxation as part of the estate.

For estate tax planning and business continuity succession planning purposes, taxation is a negative result to be avoided.

Trust funds avoid taxation of the policy as it is paid out to your estate as well, allowing your child to receive more of the money, and in a method that gives them the most benefit.