Irrevocable Life Insurance Trust (Premium Financed)

Irrevocable Life Insurance Trust (ILIT)

A type of irrevocable trust that is specially designed for the specific purpose of owning one or more life insurance policies. This trust is purposefully-designed to protect life insurance from estate taxes and from the trust's beneficiaries divorcing spouses, creditors, and predators.

Price range: $7,500.00 to $10,000.00
$7,500.00
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Estate & Gift Tax Exclusion. This trust is specifically engineered to comply with the unique tax laws and trust laws that apply to life insurance policies, including the “incidents of ownership” rules in the estate and gift tax laws and to allow gifts to be made to it that are not taxable gifts by utilizing the federal annual exclusion each year to pay premiums on life insurance policies by using “Crummy” powers.

Asset Protection. This trust is purposefully-designed protect the life insurance policies and the death benefits paid to the beneficiaries from estate & gift taxes, creditors and predators.

Business Succession. An ILIT is also an excellent vehicle to use to with buy-sell agreements that are funded with life insurance policies.

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Unified, Coordinated System

At Ethos, we believe true planning extends well beyond document preparation.

We integrate tax strategy, asset protection, business planning, and legacy planning into a unified, coordinated system designed to help families and business owners build, protect, and transfer wealth more efficiently, more effectively, and more personally.

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