By having theirrevocable trustown the policy, the proceeds of the death benefit payout will not be included as part of your taxable estate, which can be taxed as high as 40%.4Revocable trusts will not qualify for the exclusion. If the policy is new, name the trust,as opposed to a wil...
Estate planning is our main focus. We guide our clients in understanding the differences between a traditional will, revocable and irrevocable trusts, asset protection trusts, special needs trusts, powers of attorney, and medical directives. In addition,weare skilled in gifting strategies, the use of...