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Thursday, April 27, 2006
Using a life-insurance trust
If you have a substantial policy that could push the value of your estate above the tax threshold (currently $2 million) you can create an irrevocable life-insurance trust, a legal entity that will own the policy while you're alive and pay the proceeds to the beneficiaries you've designated after you die. A trust works with both cash-value (whole, universal) and term policies. Read more...posted by Charles Monat Associates at 1:47 PM
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