The Irrevocable Life Insurance Trust: Forms with Drafting Notes, Fourth Edition

    By Lawrence Brody and Donald O Jansen

    The Irrevocable Life Insurance Trust:  Forms with Drafting Notes, Fourth Edition

    The Irrevocable Life Insurance Trust: Forms with Drafting Notes, Fourth Edition

    By Lawrence Brody and Donald O Jansen

    An integral part of every estate planner's practice is giving advice and making recommendations about life insurance. Clear and concise, this updated user-friendly primer offers a comprehensive overview of the types of insurance trusts you can draft for your clients, differentiating between the them and helping you identify the one that will work best for their specific needs. It also includes examples of the necessary forms and a related client memorandum.

    The Irrevocable Life Insurance Trust: Forms with Drafting Notes, Fourth Edition

    By Lawrence Brody and Donald O Jansen

    The Irrevocable Life Insurance Trust:  Forms with Drafting Notes, Fourth Edition

    The Irrevocable Life Insurance Trust: Forms with Drafting Notes, Fourth Edition

    By Lawrence Brody and Donald O Jansen

    An integral part of every estate planner's practice is giving advice and making recommendations about life insurance. Clear and concise, this updated user-friendly primer offers a comprehensive overview of the types of insurance trusts you can draft for your clients, differentiating between the them and helping you identify the one that will work best for their specific needs. It also includes examples of the necessary forms and a related client memorandum.

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    This best-selling volume in the Insurance Counselor series guides you through one of the most fundamental aspects of sophisticated estate planning - drafting and setting up an Irrevocable Life Insurance Trust. Now completely updated, this user-friendly primer offers a comprehensive overview of the types of insurance trusts you can draft for your clients, and includes examples of the necessary forms and a memorandum you can use in your practice.

    Clear and concise, The Irrevocable Life Insurance Trust will help you protect your clients' estate and assets from taxation. It differentiates between the two types of trusts you may use, identifying the best one that will work for your client. The book contains these sample forms:

    • Single Life Policy Trust: Intended to primarily benefit the insured's spouse and children
    • Survivorship Policy Trust: Meant to serve as a long term, generation-skipping "dynasty" trust for the benefit of children and future descendants

    Accompanying each of the two sample forms are:

    • Notes to Drafter Section: Alerts you to special problems associated with planning and drafting
    • Clear Outline: Written in layperson's language, this is designed to provide nontechnical guidance to your client regarding the provisions of each sample form

    Finally, this primer contains both a sample memorandum to a client who has created an Irrevocable Life Insurance Trust, outlining the procedures which need to be followed by the insured/grantor and by the trustee in order to comply with the requirements of the agreement and federal tax law, and a sample transmittal letter to accompany the memorandum.

    Product Details

    Sponsors

    Section of Real Property, Trust and Estate Law

    Publishers

    ABA Book Publishing

    ISBN

    9781641055154

    Page Count

    172

    Product Code

    5431117

    Trim Size

    7 x 10 Paperback

    Publication Date

    10/11/2019 12:00:00 AM

    Sponsors

    Section of Real Property, Trust and Estate Law

    Publishers

    ABA Book Publishing

    ISBN

    9781641055161

    Product Code

    5431117EBK

    Trim Size

    8.5 x 11

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