Plan Your Own Estate: Passing on Your Assets and Your Values Legally and Efficiently

Insurance Trusts

Magic Tax-Reduction Trick

For those of you who have (1) a taxable estate (or an estate potentially subject to estate tax) and (2) life insurance, this chapter is a must read. A life insurance trust can literally make hundreds of thousands of dollars of taxes disappear. For you, a life insurance trust is a “have to have” document, as much as a will, a power of attorney, a living will, and a health care proxy.

Chapter Brief  Life insurance gives your family choices at death through cold cash. Term versus permanent insurance—which ...