Ashlee is an insurance editor, journalist and business professional with an MBA and more than 17 years of hands-on experience in both business and personal finance. She is passionate about empowering ...

For the wealthy, life insurance is an unsexy yet powerful tactic for avoiding taxes. By putting the policy inside a trust, the death benefit is excluded from estate taxes. The payout goes to the trust ...

In Private Letter Ruling 201919002 (released May 10, 2019), the Internal Revenue Service considered the provisions of an irrevocable life insurance trust (ILIT), which had been modified pursuant to ...

We lawyers love fancy names and acronyms. It keeps the estate planning process mythical and a bit veiled. Reality is, many of the fancy names given to trusts and other planning techniques obfuscate ...

NEW YORK, NY / ACCESSWIRE / April 30, 2024 / Irrevocable trusts allow you to remove specific assets from your taxable estate and place them in a trust. Once an irrevocable trust is created, you can't ...

Protecting your estate from creditors, predators, in-laws, and outlaws. That is a key reason for clients with larger estates to consider establishing an Irrevocable Life Insurance Trust, or ILIT.

Death and taxes may be certainties of life, but how much tax your family pays upon your death is still within your control to a certain degree. The federal estate tax exemption under current law is ...

Barclay Palmer is a creative executive with 10+ years of creating or managing premium programming and brands/businesses across various platforms. Ebony Howard is a certified public accountant and a ...