Day: August 1, 2024

colorful umbrellas Photo by Engin Akyurt

Shield life insurance proceeds from estate tax with an ILIT

Life insurance can provide peace of mind, but if your estate will be large enough that estate taxes will be a concern, it’s important to not own the policy at death. The policy’s proceeds will be included in your taxable estate and may be subject to estate tax. To avoid this result, a common estate

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