SUN Life Financial Philippines entreated Filipinos to embrace estate planning in passing on their properties to their heirs so as to keep away from issues approximately excessive estate taxes.
“Many within the Philippines aren't aware that once they're gone, the heirs might need to pay property taxes before belongings can be transferred to them,” Mylene Lopa, Sun Life Financial Philippines chief advertising and marketing officer, stated at a media briefing in Pasay City overdue Saturday.
“All of so one can be taxed with the aid of the authorities by the point it's far transferred to the heirs. And many aren't conscious that insurance can be the solution to that problem,” she stated in a mix of English and Tagalog.
Because of this, she stated Sun Life has give you a new campaign to encourage and make Filipinos informed about moving their belongings to their family. The campaign, dubbed as “Leaving a Legacy,” objectives to at ease the properties of its customers in the retirement degree through property planning.
“We are developing with this campaign to make sure that some thing they toiled for at some stage in their running years, they could skip on to the following technology and to their cherished ones,” she stated.
“Many within the Philippines aren't aware that once they're gone, the heirs might need to pay property taxes before belongings can be transferred to them,” Mylene Lopa, Sun Life Financial Philippines chief advertising and marketing officer, stated at a media briefing in Pasay City overdue Saturday.
“All of so one can be taxed with the aid of the authorities by the point it's far transferred to the heirs. And many aren't conscious that insurance can be the solution to that problem,” she stated in a mix of English and Tagalog.
Because of this, she stated Sun Life has give you a new campaign to encourage and make Filipinos informed about moving their belongings to their family. The campaign, dubbed as “Leaving a Legacy,” objectives to at ease the properties of its customers in the retirement degree through property planning.
“We are developing with this campaign to make sure that some thing they toiled for at some stage in their running years, they could skip on to the following technology and to their cherished ones,” she stated.
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