Plan for Tomorrow with Expert Estate & Inheritance Planning
At Navigation Wealth, we understand that planning for the future involves more than just financial security—it’s about ensuring your legacy is preserved and your loved ones are taken care of. Our estate and inheritance planning services are designed to help you navigate the complexities of transferring wealth, providing peace of mind for you and your family. This involves using appropriate life assurance contracts to manage and mitigate inheritance tax and gift tax liabilities for your dependants.
Why Choose Us?
- Local Expertise: As an Irish insurance intermediary, we have a deep understanding of local laws and regulations, ensuring that your estate plan is compliant and optimized for your specific circumstances.
- Comprehensive Solutions: From wills and trusts to tax-efficient strategies, we offer a wide range of services to help you manage and transfer your assets effectively.
- Personalized Service: We believe in a client-first approach, providing customized plans that reflect your unique goals and family dynamics.
- Trusted Advisors: With years of experience and a commitment to excellence, our team is dedicated to helping you achieve peace of mind and ensure your legacy is protected.
Secure Your Legacy Today
Don’t leave your estate planning to chance. Contact Navigation Wealth today to schedule a consultation and start planning for a secure and prosperous future for your loved ones. Your future generations will thank you!
Inheritance Tax liabilities may be mitigated using Section 72 policies which are a specialized form of life assurance These policies are specifically structured to provide funds that can be used to pay the Capital Acquisitions Tax (CAT) due on an inheritance, thereby preventing the need for your dependants to sell off assets to cover the tax bill.
To qualify, the policy must be explicitly taken out for the purpose of paying inheritance tax, and it must be maintained until the death of the insured person. The premiums paid on the policy must be regular and consistent, and the policy must be approved by the Revenue Commissioners.
Similarly, Gift Tax liabilities may be mitigated using Section 73 policies which are specialized savings or investment policies designed to help individuals manage and reduce their future gift tax liabilities. These policies allow individuals or couples to save regularly over a minimum period of eight years, after which the policy proceeds can be used to pay gift tax without incurring additional tax on the payout.