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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Understanding What “Per Stirpes” Means
Sometimes it’s easier not to reinvent the wheel. Back in 2006, Debra M. Simon, CPA wrote an excellent article about Understanding the […]
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Special Needs Planning in NJ – Part 3 of 4
Estate Planning for A Special Needs Child In Part III of this Series, I want to discuss estate planning issues for parents […]
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Helpful Estate Planning Hints for Divorce Attorneys
A. Have your client do pre-divorce estate planning(especially if the split is partially the result of financial matters) 1, Most clients are […]
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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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