Sentences with phrase «using irrevocable»

The strategy behind using an irrevocable life insurance trust («ILIT») for estate planning is moving assets out of the taxable estate.

One common estate planning approach to proactively plan for future generations with life insurance is using an irrevocable life insurance trust (ILIT).

If you have a large estate, careful asset protection using an irrevocable trust may be necessary.

If you have an estate that is close to the federal exemption limit, careful asset protection using an irrevocable life insurance trust may be necessary.

For more information on using irrevocable life insurance trusts in estate planning, contact MEG Financial now at [phone].

If you have an estate that is close to the federal exemption limit, careful asset protection using an irrevocable life insurance trust may be necessary.

The strategy behind using an irrevocable life insurance trust («ILIT») for estate planning is moving assets out of the taxable estate.

(See also: When is it a good idea to use an irrevocable life insurance trust?)

Larger estates will oftentimes use an Irrevocable Life Insurance Trust so the policy would not be counted as part of the gross estate.

One way to avoid this is to use an irrevocable life insurance trust (ILIT) so the death benefit is not counted as part of your estate.

(See also: When Is it a Good Idea to Use an Irrevocable Life Insurance Trust?)

Not exact matches

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«Mutual assured destruction, or mutually assured destruction (MAD), is a doctrine of military strategy and national security policy in which a full - scale use of high - yield weapons of mass destruction by two opposing sides would effectively result in the complete, utter and irrevocable annihilation of both the attacker and the defender becoming thus a war that has no victory nor any armistice but only effective reciprocal destruction.»

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