The Basics of ILITs

Nice Article on the Basics of ILITs

Posted Posted in Estate Planning, Irrevocable Trust, Life Insurance, Life Insurance Trust, NJ Estate Tax, Tax Planning

A colleague of mine, David Saltzman, has written a nice article on the Basics of Irrevocable Life Insurance Trusts.  As he points out, setting up a life insurance trust is a great way to minimize your estate tax liability and it can be especially important in New Jersey. Dave is a great resource and knows […]

NJ Estate Tax (Case Study $2M)

NJ Estate Tax (Case Study $2M)

Posted 2 CommentsPosted in Estate Tax, Federal Estate Tax, Inheritance Tax (相続税), Life Insurance, Life Insurance Trust, New Jersey, NJ Estate Tax, Tax Planning, Titling of Assets

In New Jersey, tax planning and estate planning can be very important.  I’d like to show you a good representation of what a plan can do for a married couple with $2,000,000 in assets.  Let’s assume that the couple has $800,000 of life insurance, a house worth $400,000, retirement accounts of $200,000, brokerage assets of $350,000, and […]