Tag: Trusts

Advantages of Trusts

Why you might consider discussing trusts with your attorney Trusts may be used to minimize estate taxes for married individuals with substantial assets. Trusts provide management assistance for your heirs.* Contingent trusts for minors (which take effect in the event that both parents die) may be used to avoid...
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Irrevocable Life Insurance Trust

TERM LIFE QUOTE: https://www.naaip.org/gfsfinancial/compare-life# What is it? An irrevocable life insurance trust (ILIT), sometimes referred to as a wealth replacement trust, is a trust that is funded, at least in part, by life insurance policies or proceeds. If properly implemented, an ILIT can help minimize estate taxes and provide...
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