Posts Tagged ‘life insurance trust’

Dynasty Trusts Good for Economy and Democracy

A well-designed and well-managed dynasty trust is an engine of economic growth and stability, protects its beneficiaries from the vagaries and tyrannies of corporate and governmental managers, and enables the freedom of critical thought and honest conduct that is the essence of a republic. Dynasty trusts can take many forms, but a common characteristic is […]

Asset Protection and Tax-Free Wealth Building Via a Life Insurance Dynasty Trust

In these times of eroding property rights, punitive tax rates, and financial insecurity, a U.S. taxpayer can use an irrevocable life insurance trust to protect trust property against creditors, legally avoid U.S. taxes, and also enjoy trust assets.  Generally, a carefully-designed irrevocable life-insurance dynasty trust (or generation skipping transfer (GST) trust) provides tax-free growth 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 […]