Irrevocable Life Insurance Trusts Perhaps the Best Kept Secret in Tax Savings
Author: A. Jude Avelino.
Source: Volume 26, Number 04, Summer 2009 , pp.64-70(7)
< previous article |next article > |return to table of contents
Abstract:
A non-traditional view of life insurance is that it is not just for young families. Life insurance, if structured properly, is a good way to pay for estate taxes without the beneficiaries having to sell the deceased person’s assets.Keywords: ILITs; estate tax; selecting a trustee; gift tax.
Affiliations:
1: Avelino & Nitkewicz LLP.