Tax Facts

D—Irrevocable Life Insurance Trust - Source of Estate Liquidity

The primary purpose of using an irrevocable life insurance trust is to exclude life insurance policy proceeds from taxation in the estate of the insured and the insured’s spouse. The life insurance policy itself is important for estate liquidity and as a source to augment wealth for the benefit of the grantors heirs.

Irrevocable Life Insurance Trust PDFDownload

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