Estate Planning After Divorce

One area that is often overlooked in the divorce process is the need to update estate planning. Most people would agree that their ex-spouse is the last person they want to inherit their assets when they die—or to have that person make life and death decisions for them. But that is exactly what can happen [...]

By | 2017-10-20T14:18:32+00:00 October 20th, 2017|Estate Planning|0 Comments

Irrevocable Life Insurance Trust

An Irrevocable Life Insurance Trust (ILIT) is an irrevocable trust that applies for, owns, and maintains life insurance. It’s purpose is to get life insurance cash value and proceeds out of an estate for federal estate tax and generation-skipping tax purposes. Often, life insurance is purchased to equalize inheritances, provide an inheritance, fund tax bills, [...]

By | 2017-10-13T14:36:36+00:00 October 13th, 2017|Estate Planning|0 Comments