"I only wish that I had met you when I first started my dental practice. I received a 2012 tax refund check for the first time in more than 10 years from the IRS and Franchise Tax Board. "
- Dr. Lindsay G. | TestimonialLife Insurance is critical in protecting families and businesses. A Life Insurance Trust (“ILIT”) is an Irrevocable Trust established to be the beneficiary of a life insurance policy. If the premiums are gifted to the Trust, the life insurance proceeds will not be included in the Grantor’s estate for Federal Estate Tax purposes. The proceeds can be used to provide your estate with the liquidity to pay estate taxes, debts, final expenses, and provide income to a surviving spouse or children. With this type of irrevocable trust, you are able to create a legacy around the life insurance proceeds to protect your beneficiaries’ interest from their creditors.
