Posts Tagged ‘irrevocable life insurance trust’

Domestic Asset Protection Trusts

Asset protection structures may include limited partnerships, domestic and/or offshore limited liability companies, charitable remainder trusts, irrevocable life insurance trusts, domestic asset protection trusts and/or offshore asset protection trusts. The success of such vehicles depend upon how much protection is provided by the type of asset protection vehicle, how well the documents are drafted, whether […]

Benefits Of An Irrevocable Life Insurance Trust

After an exhausting day at work all you desire is a moment of silence, instead, all you do is just retreat in your own home and start thinking about your family, your children’s hopes and needs, when, you might think of establishing an irrevocable life insurance trust. As you find yourself dealing with thoughts that […]

Ilit – the Irrevocable Life Insurance Trust

Irrevocable Life Insurance Trusts (ILITs) are planning tools used to keep life insurance proceeds outside of the taxable estate. For example, if a married couple has an estate of 6 million, they can pass 4 million to the next generation with no tax if they set up the proper trust arrangement to take advantage of […]

Life Insurance Trust: Tips for Keeping Inheritance Property Out of Probate

A life insurance trust can be thought of as a safe deposit box for storing inheritance property. Life insurance policies are placed inside the trust and managed by a Trustee. Upon the policyholder\’s death, the Trustee distributes proceeds to designated beneficiaries. A life insurance trust protects policy proceeds from estate taxes and the probate process. […]

Offshore Private Placement Life Insurance Trust – Funding a Dynasty Trust By Multiple Grantors

Private placement life insurance (PPLI) typically requires a minimum premium commitment of $1 million or more.  By pooling their available assets, two or more grantors of (i.e., contributors to) an irrevocable life insurance trust (ILIT) can reach the minimum premium commitment of a PPLI policy.  The insured may be one of the grantors, but need […]