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Estate Planning in the Philippines

Let InLife Help Prepare Your Assets with Estate Planning

Taxes and name transfers can eat away at the value of your estate.
Preserve the value of your estate to make it easier to transfer to your loved ones when the time comes with estate planning and life insurance.

Why Estate Planning is Beneficial

Immediate Access to a Fund

In the event of your death, your estate may not be easily accessible to your loved ones. This may take many months or even years, leaving them without a steady income to pay the mounting bills. Estate planning insurance gives them access to funds which they can readily use simply by showing your death certificate.

Protects You from Tax Burden

Estate preservation insurance plans are all about protecting your loved ones when you’re gone. Life insurance ensures your loved ones have enough money to cover the estate tax upon your demise so the transfer of titles is smoother, and leaves them with some extra money to help get them by.

Protects Your Children

Nobody thinks of dying young, and nobody wants this to ever happen. But if you’re the parent of a young child or children, you need to be prepared in case the worst happens. Estate planning trusts will ensure your child or children are cared for, even when you are no longer around.

Talk to an InLife Financial Advisor

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How much in estate taxes will your family have to settle?

My asset list are:
Real Estate
Jewelry
Cash
Others

(Painting, and other works of art, collections)


Total AssetsPhp 14,500,000.00
My allowable deductions are:Please note that the allowable deductions will vary depending on the law applicable at the time of the decedent's death.
Unpaid mortgagesBalance: of mortgages that still have to be paid.
Unpaid TaxesTaxes unpaid by the deceased due to sudden demise.
Casualty lossesLoss that is due to a sudden, unexpected, or unusual event such as fire or storm.
Family HomeFair market value of Php 10Million, whichever is lower.
Standard DeductionDeduction in the amount of Five Million Pesos(P5,000,000.00) shall be allowed as an additional deduction without need of substantiation.Php 5,000,000.00
Total DeductionsPhp 9,500,000.00
My total estate subject to tax isPhp 5,000,000.00

Therefore, my estate tax costs

Php 

Insure the family’s most important asset – YOU! Let us help you get covered.
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