Benefit of a Life Insurance Trust after the Repeal of NJ Estate Tax
As we get closer to the repeal of the New Jersey Estate Tax on January 1, 2018, it is important to remember […]
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Nice Article on 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 […]
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Is there an Inheritance Tax on Life Insurance Proceeds?
One of the biggest misconceptions people have about life insurance is how it should be taxed. Most people think that they can […]
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Life Insurance for College Students
I was speaking with a colleague of mine the other day and the subject of college loans came up. It occurred to […]
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Protecting your Life Insurance Trust from taxes
The Importance of Proper Trust Maintenance The trustee of an irrevocable life insurance trust (ILIT) must follow numerous rules and regulations laid […]
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Benefits of a Second to Die Life Insurance Trust
I. General Benefits Tax savings Control of assets after death Second to die policies typically provide guaranteed money for your heirs which […]
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Contribution Notice – Who Signs for a Minor?
Irrevocable Life Insurance Trusts (ILIT) Many people create irrevocable life insurance trusts (ILIT) for the benefit of minor children. The common scenario […]
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