January 01, 2002

Life Insurance and Life Insurance Trusts: Basics and Beyond (2002, 16:01)

Life Insurance and Life Insurance Trusts: Basics and Beyond

Probate and Property, January/February 2002, Volume 16, Number 1

By Bradley E.S. Fogel

After bypass trusts, life insurance trusts are probably the most frequently used estate planning device. The reason for their popularity is simple: enormous transfer tax savings. Indeed, by excluding assets from the insured’s estate, a life insurance trust can more than double the amount of policy proceeds payable to heirs.

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