Listen to lawyer Wang Fang: Why do people who want to emigrate buy a lot of insurance?

Just because I want to immigrate, I have to buy insurance quickly. This is the legal basis. Because the whole family joins the United States, they have to collect gift tax and inheritance tax. In the United States, the inheritance tax can reach up to 50%, which is very powerful.

Therefore, it is generally suggested, for example, before you leave, if you have a house under your name, you will transfer it to your son's name in advance. If you have financial assets in China, you can either entrust some of them to your family or give them to your children in the form of large insurance policies, and at least take out some of the money first.

The second type of family: cross-border families have a feature that the husband who can earn money in the husband and wife is the husband who can earn money especially. Don't emigrate yet, stay at home. Let the full-time wife who doesn't earn money do immigration first, that is, the wife is the main applicant for immigration.

In this case, what are the characteristics of the United States? It is tax-free for wives who have become immigrants to accept gifts from overseas non-US taxpayers. In this way, the money earned by a husband in China can be transferred to his wife's name one after another, which is tax-free.

One more thing, in this process, you can take non-Americans in China as the insured and your relatives in the United States as the insured and beneficiary, so as to realize the inheritance of wealth. This process is tax-free. This is why you should buy insurance after emigration.

The third type of family: American families are all taxpayers in the United States after the whole family has left. In this case, their wealth planning is generally based on overseas insurance trusts, offshore family trusts, and maximizing the use of lifelong tax exemption.

It seems that insurance, as a way of asset allocation, plays an important role in the process of immigration. For those who are doing immigration, besides considering their children's study abroad education, immigration is also a process for high-end rich people to enter the international identity, and it is also a process for realizing the internationalization of assets!

Of course, when you consider immigration, you should seriously think about where the immigration destination is more suitable for you. If you hate heavy taxes, it is very important to plan your assets in advance.