Tag Archives: 3-year rule

Life Insurance Trusts Mitigate Estate Tax Uncertainties

Posted on March 15, 2010 by David L. Silverman, J.D., LL.M. (Taxation)

To view printer-friendly Memorandum, press here: Life Insurance Trusts Mitigate Estate Tax Uncertainties.wpd Irrevocable life insurance trusts (ILITs) enjoy vastly preferential status under the income and transfer tax laws. Properly structured, proceeds are not included in the insured’s gross estate. … Continue reading →

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Life Insurance Trusts

Posted on March 15, 2010 by David L. Silverman, J.D., LL.M. (Taxation)

Life insurance can be an invaluable estate planning tool. It can provide a broad measure of financial security for loved ones as well as provide the liquidity necessary to meet tax and other estate settlement obligations. Ownership of a life … Continue reading →

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