Is An Irrevocable Life Insurance Trust Right For You? Are You Super Rich?
How much verified proof exists for this claim
Single weak corroboration
How intriguing or unexplained this claim is
The claim about irrevocable life insurance trusts is well-documented and widely covered in financial planning literature, with clear facts regarding their benefits for estate planning and tax purposes. There is no significant mystery or intrigue associated with this topic.
Is An Irrevocable Life Insurance Trust Right For You? Are You Super Rich? Authored by Javier Simon via The Epoch Times (emphasis ours), An irrevocable life insurance trust (ILIT) can allow affluent individuals to pass on wealth to heirs while keeping it outside of their taxable estate . This could help them reduce or avoid the estate tax upon death, which can be as high as 40 percent. Photo Smoothies/Shutterstock It also can help you pass over assets to individuals with special needs without ...