Tuesday, April 21, 2009
Irrevocable Life Insurance Trust: 5 Ways It Can Help With Your Estate Plan
Irrevocable life insurance trusts can be a very powerful estate planning tool if structured properly, and used in the right situation. Practicing attorney, John C. Martin, gives us 5 different ways a irrevocable life insurance trust can super charge an estate plan, in his article below from JD Supra.
What is an irrevocable life insurance trust (“ILIT”) and why would it be useful to me? This article explores the upsides and downsides of the “ILIT.” The author concludes that an ILIT is both a cost-effective and powerful tool for providing liquidity, paying estate tax, avoiding Generation Skipping Transfer Tax (GSTT), protecting beneficiaries from creditors, and for business owners, keeping a business in the family.
An ILIT is an irrevocable trust that holds life insurance. Its primary purpose is to keep life insurance proceeds out of the estate of the settlor. But it can also have a number of other purposes. Below are five reasons why one might consider an ILIT...
NUwire Investor: Irrevocable Life Insurance Trust: 5 Ways It Can Help With Your Estate Plan
What is an irrevocable life insurance trust (“ILIT”) and why would it be useful to me? This article explores the upsides and downsides of the “ILIT.” The author concludes that an ILIT is both a cost-effective and powerful tool for providing liquidity, paying estate tax, avoiding Generation Skipping Transfer Tax (GSTT), protecting beneficiaries from creditors, and for business owners, keeping a business in the family.
An ILIT is an irrevocable trust that holds life insurance. Its primary purpose is to keep life insurance proceeds out of the estate of the settlor. But it can also have a number of other purposes. Below are five reasons why one might consider an ILIT...
NUwire Investor: Irrevocable Life Insurance Trust: 5 Ways It Can Help With Your Estate Plan
Permalink posted by markw @ 5:04 AM 
 |
 |  |
  |
