Many factors impact the tax treatment for Life Settlements, and the rules can be complex. Our specialists can work with you and your tax professional to estimate the potential liability so you can make the most informed decisions possible.
Your life insurance policy may not be as useful as it once was. Perhaps your beneficiaries have grown up and can support themselves. A Life Settlement is an option to fund your future and secure your finances.
As with any major financial transaction, understanding the tax benefits and implications of a settlement is crucial to avoiding penalties down the line. Settlement Benefits Association has worked with policy owners and buyers around the country to secure suitable Life Settlements. We can help your tax professional understand how a Life Settlement will affect your taxes.
The tax rules for Life Settlements can be complex. To avoid owing penalties and interest to the IRS, it is important to go into the process knowing your potential liability.
Settlement Benefits Association can help you understand how the transactions will impact your bottom line. We offer a Visual Valuator to give you an idea of what you will get from your settlement. We also strive to help our clients through every step of the settlement process, including estimating tax liability.
Connect with our team today for your policy evaluation.
Many factors impact the tax treatment for Life Settlements, and the rules can be complex. Our specialists can work with you and your tax professional to estimate the potential liability so you can make the most informed decisions possible.
Portions of your Life Settlement proceeds may be taxable as ordinary income, while others may fall into a different category depending on your circumstances. Our team will help you and your tax professional estimate the potential tax consequences of selling your policy.
Fill out our free policy calculator today to see if you qualify and find out how much you can get for your policy.
