[ad_1] If you are starting your estate planning process, an ILIT (irrevocable life insurance trust) will provide peace of mind. If you have young beneficiaries or sizeable estate, the trust will be able to provide control over a life insurance policy. The irrevocable aspect of the trust ensures that the creator or the grantor will … Read more
[ad_1] Many people do not realize that the proceeds of a South Florida life insurance policy are added to your estate for estate tax purposes if the policy was held by the decedent during the last 3 years of their life. This is the case with more than 90 percent of all life insurance policies. … Read more
[ad_1] Understanding Revocable and Irrevocable Trust Real Estate Living trusts have become a common tool for managing financial assets because of the estate planning and tax advantages they can bring. When setting up a trust, you must decide whether it should be a revocable or irrevocable one. This decision determines how much control you can … Read more