☐ You want to ensure a smooth transfer of assets.
☐ You want your next of kin to pay very low or no death duties.
☐ You are aged between 18 and 80.
☐ Your situation is a bit different: a blended family, no children, etc.
Did at least three of those statements apply to you? If so, Succession Care is the perfect death insurance policy for your needs.2
Choose between high inheritance tax or a low premium
High death duties
Did you know that death duties in Flanders are 3 percent for children and spouses, and can be as high as 65 percent for indirect heirs? In Brussels and Wallonia, they can even be as much as 80 percent. After that, there won't be much left over of your hard-earned savings or from the sale of your home.
Unless your next of kin take out a death insurance policy with you as the policyholder: Succession Care.
- You and your partner live together in Brussels without a cohabitation contract.
- You want your partner to inherit your assets, but because you live in Brussels, your partner will have to pay the inheritance tax rate as an non-related person.
- Your partner takes out an inheritance insurance policy with the amount of the death duties as the insured capital, and with you as the insured party. Your partner pays a single premium for this (including tax and fees). Which is lower than the amount of the death duties.
- If you die before you turn 85 then your partner will receive the insured amount in order to pay the inheritance tax.
You might think it would be crazy to ask your next of kin to take out an insurance policy of this kind. Everybody already has so many bills to pay, and perhaps your estate isn't very large. Even so, Succession Care may still be worth your while, as your loved ones will be left with more money and fewer worries. The single premium is generally much lower than the amount of the death duties. What's more, they won't have to worry about money during a difficult time in their lives, while you will already have peace of mind in the here and now.
Don't delay – ask your broker for a quotation in order to find out your exact premium, adjusted to your personal situation.