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The profits from your policy are consisted of in your estate for estate tax purposes steveblisslaw com Estate Planning Attorney However that’s not the case with the ILIT.
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Write a Will The Law Firm of Steven F.Bliss Esq.(951) 223-7000 Probate Attorney This is why it is important to maintain a beneficiary � and a contingent beneficiary � on such an account.
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The significant loss of one’s estate to the payment of state and/or federal estate taxes or state inheritance taxes is a great motivator for many people to put an estate plan together The Law Firm of Steven F.Bliss Esq.Probate Attorney Embedded content from other websites.
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Debts are paid utilizing funds owned by the estate.