In This Issue:
- Considering an ILIT? Now’s the time
- Intellectual property requires careful estate planning
- Defined-value gifts: Give now, value later
- Estate Planning Pitfall: Your family doesn’t know where to find your records
- Excerpt from Consider an ILIT? Now's the time:
People often think of life insurance as “tax-free,” but that’s not entirely true. Life insurance proceeds generally are income-tax-free to your beneficiaries, but if you own the policy at your death, the proceeds may be subject to estate taxes. One of the best ways to keep life insurance out of your taxable estate is to place the policy in an irrevocable life insurance trust (ILIT).
If you’re thinking about setting up an ILIT for an existing policy, consider doing so before the end of the year, particularly if it’s a high-cash-value policy.
Please see full publication below for more information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.