Estate Planning

Nice Article on the Basics of ILITs

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The Basics of ILITs

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 […]

Asset Protection Trust

Irrevocable Trusts

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Irrevocable Trusts

There are many different types of irrevocable trusts. The most popular irrevocable trusts include: life insurance trusts; asset protection trusts; charitable trusts; trusts created upon death (such as QTIP trusts and bypass trusts); and special needs trusts. Generally, an irrevocable trust is designed to prevent its terms from being modified in the future. As a […]