What to Know About Life Insurance Trusts

Tag Archives: life insurance

What to Know About Life Insurance Trusts

An irrevocable life insurance trust (ILIT) is a vehicle through which you can facilitate ownership of one or more life insurance policies. The main purpose of an ILIT is to reduce or eliminate estate taxes. The ILIT is both the owner and the beneficiary of the life insurance policy which typically insures the life of […]

Estate Planning Steps to Take When You Have a New Baby

Becoming a new parent results in a whole lot of changes in your life. It also tends to be a life event that encourages young people to finally take their estate planning seriously. Your child’s future will be greatly affected by the decisions you make now in your estate planning. It is important for you […]