Sentences with phrase «through irrevocable life insurance trusts»
It will be increasing them most right in the sweet spot of the new law, the $ 5 million dollar exemption ($ 10 million per married couple) that allows huge single premium policies to be purchased and held out of the estate through Irrevocable Life Insurance Trusts.
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A common way that an estate tax savings strategy is applied is through an Irrevocable Life Insurance Trust (ILIT) a.k.a. «Wealth Replacement Trust ``.
The advantage of life insurance purchased through an Irrevocable Life Insurance Trust is that the death benefit will not be subject to estate tax.
Not exact matches
Generational or «dynasty» planning is about reserving a nest egg for future generations and this is often accomplished through the use of an irrevocable life insurance trust (ILIT).
A common way to do this is through the use of an Irrevocable Life Insurance Trust (ILIT) that transfers policy ownership to a trustee who manages asset distribution after the insured's passing.
Had she used a combination of irrevocable trusts and cash value insurance to shelter $ 500,001 of her estate's value, her net worth would have remained the same, she could have accessed her investments through sheltered withdraws from her life insurance policies, and her estate would have been immune to the estate tax.
Generational or «dynasty» planning is about reserving a nest egg for future generations and this is often accomplished through the use of an irrevocable life insurance trust (ILIT).