The Senate is targeting life-insurance policies that allow the rich to pass down everything from stocks to yachts to their kids tax-free. Here’s how it works.

 

The Senate is targeting life-insurance policies that allow the rich to pass down everything from stocks to yachts to their kids tax-free. Here’s how it works.

But for the richest of the rich, policies can slash tens of millions of dollars off their tax bills. Private-placement life insurance is a little-known tax-avoidance tactic. When structured correctly, …

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