Estate Planning Tips – Irrevocable Life Insurance Trusts

Life Insurance is an often overlooked tool used in your estate plan to provide for your loved ones while providing peace of mind to you. While life insurance alone will provide funds for you named beneficiaries, we sometimes go a step further by creating an irrevocable life insurance trust (ILIT) to hold the policy. This … Continued

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Enhance Your Estate Plan with Life Insurance

Life insurance can be a powerful estate planning tool for nontaxable estates For years, life insurance has played a critical role in estate planning, providing a source of liquidity to pay estate taxes and other expenses. It’s been particularly valuable for business owners, whose families might not have the liquid assets they need to pay … Continued

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You and Your Life Insurance

Who should own your life insurance policy? If you own life insurance policies at your death, the proceeds will be included in your taxable estate. Ownership is usually determined by several factors, including who has the right to name the beneficiaries of the proceeds. The way around this problem is to not own the policies … Continued

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