ILIT

Simple But Powerful Planning Opportunities For 2020 and Beyond

Under today’s laws, very few American families need to worry about the 40% estate tax being applied to their loved ones’ inheritances. An individual can pass $11.58M without estate tax and a married couple just over $23M. However, under tomorrow’s laws (tomorrow being the end of 2025), more families will need to be creative to avoid estate tax – the

2020-06-10T13:40:06-07:00May 12th, 2020|Tags: , , , , |

How to Avoid Taxes on Life Insurance

How to Avoid Taxes on Life and Disability Insurance (Smart Money Magazine) The above article from Smart Money magazine is a simple and concise synopsis of why some individuals and families with taxable estates or large life insurance policies may want to consider establishing Irrevocable Life Insurance Trusts ("ILITs"). While life insurance proceeds are generally free

2017-02-23T01:50:14-08:00February 3rd, 2011|Tags: , , , , , |