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What is an Irrevocable Life Insurance Trust
There are many tools available to protect your assets and pass them on to the next generation efficiently. One of the best tools that has been used for over a hundred years by many affluent families (such as the Rockefellers, Kennedys and even Walt Disney's family) is life insurance placed inside an irrevocable life insurance trust (ILITs).
But why an irrevocable trust? And what exactly is an irrevocable trust? What are the benefits and downsides? Why do you put life insurance inside them? You'll learn why this combination of life insurance and trusts are one of the most advantageous and efficient methods for sustaining family wealth through generations.
Do you have a retirement plan that goes beyond allocating funds to truly fit your needs? We can help you create a retirement life plan...
published: 15 Oct 2019
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Irrevocable Life Insurance Trust - ILIT
What is an Irrevocable Life Insurance Trust? It can save you family MILLIONS of dollars in taxes in the event that you pass away.
published: 01 Nov 2021
-
Irrevocable Life Insurance Trusts (ILIT) - The Benefits and Opportunities
E4 Insurance Service's very own, Steve Walker, Vice President of Institutional Accounts, discusses the benefits and opportunities of Irrevocable Life Insurance Trusts (ILIT).
An Irrevocable Life Insurance Trust (ILIT) is a type of trust that can be used to help clients transfer wealth to future generations in an efficient manner. Most people do not want to pay more in taxes than they have to, but if you are a high-net-worth individual you may have an estate tax bill due when you die.
Watch this addition of the BREW if you are an advisor who wants to sharpen your saw by learning what an ILIT is, how an ILIT works, and why an ILIT may be able to increase your client’s legacy while decreasing estate taxes!
published: 10 Aug 2022
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Irrevocable Life Insurance Trusts
In this video blog, Wayne Zell outlines the benefits and challenges of using irrevocable life insurance trusts (ILITs).
published: 27 Jan 2020
-
ILIT - Irrevocable Life Insurance Trust -- UPDATED 2022
Retire Your Death Insurance...and get Living Benefits! Life Insurance you don't have to die to use.
https://www.livingbenefits101.com/retireyourdeathinsurance
https://www.livingbenefits101.com/retireyourdeathinsurance
https://www.livingbenefits101.com/retireyourdeathinsurance
#RetireYourDeathInsurance #LBAM #LivingBenefits
Traditional life insurance only pays out if you die - that's really "death insurance", isn't it?
Modern Living Benefits life insurance policies also pay out while you're still alive if you get sick or injured... at no extra cost.
It's not more expensive, it's just more expansive.
published: 02 Mar 2022
-
Irrevocable Life Insurance Trust (ILIT) - Eslick Financial Group
High net worth families often include life insurance in a trust to create liquidity, outside their taxable estate. At Eslick Financial, we offer clients life insurance solutions that are often coordinated with the other members of the estate planning team.
Eslick Financial Group is a member firm of M Financial Group and is located in Waterloo, Iowa. Our financial advisors are dedicated to providing independent and strategic advice on retirement planning, wealth management, risk management, and estate planning.
For more insights, please visit our website at eslickfinancial.com or contact us at (319) 833-5555.
published: 02 Oct 2014
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ILIT = Irrevocable Live Insurance Trust Explained
Hear from ELG Estate Planning founder and top Estate Planning Attorney Lynn St. Louis as she reviews ILIT, which equals Irrevocable Life Insurance Trust.
www.elgwa.com
info@elgwa.com
509-468-0551
Request a Meeting: https://share.hsforms.com/1bu5vFDhSRbyVW7rkwHKQlgcx6r6
ELG Estate Planning (Elder Law Group PLLC) is here to help with Estate Planning, Wills, Asset Protection, Durable Power of Attorney Financial, Durable Power of Attorney Health Care, Health Care Directives, Medical Asset Preservation Strategies, Obtaining Medicaid Benefits, Long Term Care Planning and Probate & Trust Administration.
Information provided is for educational purposes only and should not be interpreted as legal advice nor as creating an attorney client relationship.
published: 17 May 2023
-
How does an Irrevocable Life Insurance Trust work?
For more information, please visit us at: http://www.kaidenelderlaw.com.
This educational video about Irrevocable Life Insurance Trusts or ILITs was produced by California estate planning & elder law attorney Randall F. Kaiden. There are several procedural steps to setting up an ILIT. This video gives a brief overview of those steps.
Randall F. Kaiden, founding attorney at Kaiden Elder Law Group, PC (and The Trust Store-our online portal), was born and raised in Los Angeles. In 1998, he began working in tax, estate planning and probate law. Soon thereafter, he added Medi-Cal & Veterans Planning to his practice. Since that time, he has been VA Accredited to represent claimants before the Department of Veteran's Affairs. He is a member of Elder Counsel, Wealth Counsel and the National Acad...
published: 30 Nov 2010
-
Irrevocable Life Insurance Trusts (ILITs)
An Irrevocable Life Insurance Trust (ILIT) is a trust that is created for the purpose of owning a life insurance policy. You can transfer ownership of an existing policy, or the trust can purchase a new policy directly. ILITs are a great tool for minimizing irresponsible fiscal behavior when dealing with beneficiaries who are young or have bad spending habits. You should be aware of the pros and cons to the use of ILITs in your estate planning.
SCHEDULE YOUR ESTATE PLANNING CONSULTATION:
https://bit.ly/GenesisEPConsult
published: 23 Sep 2020
-
Irrevocable Life Insurance Trusts: A Primer
Irrevocable Life Insurance Trusts can be a valuable estate planning tool. Brady Ware's Mark Kassens discusses ILITs: their uses, how they work, who typically uses ILITs, and how ILITs can be used to save on estate taxes and provide liquidity for beneficiaries. Mark also discusses the different types of life insurance policies that can be used in an ILIT, as well as the pros and cons of each type. ILITs are used to minimize estate taxes on the death benefit of a life insurance policy. The trustee of the ILIT pays the premiums on the policy, and the death benefit is paid to the beneficiaries of the trust. ILITs can be complex, so it is important to work with an experienced estate planning professional to set one up.
published: 12 Sep 2023
8:23
What is an Irrevocable Life Insurance Trust
There are many tools available to protect your assets and pass them on to the next generation efficiently. One of the best tools that has been used for over a h...
There are many tools available to protect your assets and pass them on to the next generation efficiently. One of the best tools that has been used for over a hundred years by many affluent families (such as the Rockefellers, Kennedys and even Walt Disney's family) is life insurance placed inside an irrevocable life insurance trust (ILITs).
But why an irrevocable trust? And what exactly is an irrevocable trust? What are the benefits and downsides? Why do you put life insurance inside them? You'll learn why this combination of life insurance and trusts are one of the most advantageous and efficient methods for sustaining family wealth through generations.
Do you have a retirement plan that goes beyond allocating funds to truly fit your needs? We can help you create a retirement life plan customized for your retirement vision and legacy. Call us at (877) 404-0177
If you have $500K or more and would like a partnership with a firm to help you manage your investments and financial plan as in these videos, click on this link to connect with our advisors: https://click2retire.com/lifeinsurancetrust
#Trusts #retirementplanning #retirement #insurance #lifeinsurance
https://wn.com/What_Is_An_Irrevocable_Life_Insurance_Trust
There are many tools available to protect your assets and pass them on to the next generation efficiently. One of the best tools that has been used for over a hundred years by many affluent families (such as the Rockefellers, Kennedys and even Walt Disney's family) is life insurance placed inside an irrevocable life insurance trust (ILITs).
But why an irrevocable trust? And what exactly is an irrevocable trust? What are the benefits and downsides? Why do you put life insurance inside them? You'll learn why this combination of life insurance and trusts are one of the most advantageous and efficient methods for sustaining family wealth through generations.
Do you have a retirement plan that goes beyond allocating funds to truly fit your needs? We can help you create a retirement life plan customized for your retirement vision and legacy. Call us at (877) 404-0177
If you have $500K or more and would like a partnership with a firm to help you manage your investments and financial plan as in these videos, click on this link to connect with our advisors: https://click2retire.com/lifeinsurancetrust
#Trusts #retirementplanning #retirement #insurance #lifeinsurance
- published: 15 Oct 2019
- views: 400
3:11
Irrevocable Life Insurance Trust - ILIT
What is an Irrevocable Life Insurance Trust? It can save you family MILLIONS of dollars in taxes in the event that you pass away.
What is an Irrevocable Life Insurance Trust? It can save you family MILLIONS of dollars in taxes in the event that you pass away.
https://wn.com/Irrevocable_Life_Insurance_Trust_Ilit
What is an Irrevocable Life Insurance Trust? It can save you family MILLIONS of dollars in taxes in the event that you pass away.
- published: 01 Nov 2021
- views: 790
25:43
Irrevocable Life Insurance Trusts (ILIT) - The Benefits and Opportunities
E4 Insurance Service's very own, Steve Walker, Vice President of Institutional Accounts, discusses the benefits and opportunities of Irrevocable Life Insurance ...
E4 Insurance Service's very own, Steve Walker, Vice President of Institutional Accounts, discusses the benefits and opportunities of Irrevocable Life Insurance Trusts (ILIT).
An Irrevocable Life Insurance Trust (ILIT) is a type of trust that can be used to help clients transfer wealth to future generations in an efficient manner. Most people do not want to pay more in taxes than they have to, but if you are a high-net-worth individual you may have an estate tax bill due when you die.
Watch this addition of the BREW if you are an advisor who wants to sharpen your saw by learning what an ILIT is, how an ILIT works, and why an ILIT may be able to increase your client’s legacy while decreasing estate taxes!
https://wn.com/Irrevocable_Life_Insurance_Trusts_(Ilit)_The_Benefits_And_Opportunities
E4 Insurance Service's very own, Steve Walker, Vice President of Institutional Accounts, discusses the benefits and opportunities of Irrevocable Life Insurance Trusts (ILIT).
An Irrevocable Life Insurance Trust (ILIT) is a type of trust that can be used to help clients transfer wealth to future generations in an efficient manner. Most people do not want to pay more in taxes than they have to, but if you are a high-net-worth individual you may have an estate tax bill due when you die.
Watch this addition of the BREW if you are an advisor who wants to sharpen your saw by learning what an ILIT is, how an ILIT works, and why an ILIT may be able to increase your client’s legacy while decreasing estate taxes!
- published: 10 Aug 2022
- views: 447
3:51
Irrevocable Life Insurance Trusts
In this video blog, Wayne Zell outlines the benefits and challenges of using irrevocable life insurance trusts (ILITs).
In this video blog, Wayne Zell outlines the benefits and challenges of using irrevocable life insurance trusts (ILITs).
https://wn.com/Irrevocable_Life_Insurance_Trusts
In this video blog, Wayne Zell outlines the benefits and challenges of using irrevocable life insurance trusts (ILITs).
- published: 27 Jan 2020
- views: 1634
3:06
ILIT - Irrevocable Life Insurance Trust -- UPDATED 2022
Retire Your Death Insurance...and get Living Benefits! Life Insurance you don't have to die to use.
https://www.livingbenefits101.com/retireyourdeathinsurance
...
Retire Your Death Insurance...and get Living Benefits! Life Insurance you don't have to die to use.
https://www.livingbenefits101.com/retireyourdeathinsurance
https://www.livingbenefits101.com/retireyourdeathinsurance
https://www.livingbenefits101.com/retireyourdeathinsurance
#RetireYourDeathInsurance #LBAM #LivingBenefits
Traditional life insurance only pays out if you die - that's really "death insurance", isn't it?
Modern Living Benefits life insurance policies also pay out while you're still alive if you get sick or injured... at no extra cost.
It's not more expensive, it's just more expansive.
https://wn.com/Ilit_Irrevocable_Life_Insurance_Trust_Updated_2022
Retire Your Death Insurance...and get Living Benefits! Life Insurance you don't have to die to use.
https://www.livingbenefits101.com/retireyourdeathinsurance
https://www.livingbenefits101.com/retireyourdeathinsurance
https://www.livingbenefits101.com/retireyourdeathinsurance
#RetireYourDeathInsurance #LBAM #LivingBenefits
Traditional life insurance only pays out if you die - that's really "death insurance", isn't it?
Modern Living Benefits life insurance policies also pay out while you're still alive if you get sick or injured... at no extra cost.
It's not more expensive, it's just more expansive.
- published: 02 Mar 2022
- views: 515
2:26
Irrevocable Life Insurance Trust (ILIT) - Eslick Financial Group
High net worth families often include life insurance in a trust to create liquidity, outside their taxable estate. At Eslick Financial, we offer clients life i...
High net worth families often include life insurance in a trust to create liquidity, outside their taxable estate. At Eslick Financial, we offer clients life insurance solutions that are often coordinated with the other members of the estate planning team.
Eslick Financial Group is a member firm of M Financial Group and is located in Waterloo, Iowa. Our financial advisors are dedicated to providing independent and strategic advice on retirement planning, wealth management, risk management, and estate planning.
For more insights, please visit our website at eslickfinancial.com or contact us at (319) 833-5555.
https://wn.com/Irrevocable_Life_Insurance_Trust_(Ilit)_Eslick_Financial_Group
High net worth families often include life insurance in a trust to create liquidity, outside their taxable estate. At Eslick Financial, we offer clients life insurance solutions that are often coordinated with the other members of the estate planning team.
Eslick Financial Group is a member firm of M Financial Group and is located in Waterloo, Iowa. Our financial advisors are dedicated to providing independent and strategic advice on retirement planning, wealth management, risk management, and estate planning.
For more insights, please visit our website at eslickfinancial.com or contact us at (319) 833-5555.
- published: 02 Oct 2014
- views: 56
0:41
ILIT = Irrevocable Live Insurance Trust Explained
Hear from ELG Estate Planning founder and top Estate Planning Attorney Lynn St. Louis as she reviews ILIT, which equals Irrevocable Life Insurance Trust.
www.e...
Hear from ELG Estate Planning founder and top Estate Planning Attorney Lynn St. Louis as she reviews ILIT, which equals Irrevocable Life Insurance Trust.
www.elgwa.com
info@elgwa.com
509-468-0551
Request a Meeting: https://share.hsforms.com/1bu5vFDhSRbyVW7rkwHKQlgcx6r6
ELG Estate Planning (Elder Law Group PLLC) is here to help with Estate Planning, Wills, Asset Protection, Durable Power of Attorney Financial, Durable Power of Attorney Health Care, Health Care Directives, Medical Asset Preservation Strategies, Obtaining Medicaid Benefits, Long Term Care Planning and Probate & Trust Administration.
Information provided is for educational purposes only and should not be interpreted as legal advice nor as creating an attorney client relationship.
https://wn.com/Ilit_Irrevocable_Live_Insurance_Trust_Explained
Hear from ELG Estate Planning founder and top Estate Planning Attorney Lynn St. Louis as she reviews ILIT, which equals Irrevocable Life Insurance Trust.
www.elgwa.com
info@elgwa.com
509-468-0551
Request a Meeting: https://share.hsforms.com/1bu5vFDhSRbyVW7rkwHKQlgcx6r6
ELG Estate Planning (Elder Law Group PLLC) is here to help with Estate Planning, Wills, Asset Protection, Durable Power of Attorney Financial, Durable Power of Attorney Health Care, Health Care Directives, Medical Asset Preservation Strategies, Obtaining Medicaid Benefits, Long Term Care Planning and Probate & Trust Administration.
Information provided is for educational purposes only and should not be interpreted as legal advice nor as creating an attorney client relationship.
- published: 17 May 2023
- views: 71
2:31
How does an Irrevocable Life Insurance Trust work?
For more information, please visit us at: http://www.kaidenelderlaw.com.
This educational video about Irrevocable Life Insurance Trusts or ILITs was produced b...
For more information, please visit us at: http://www.kaidenelderlaw.com.
This educational video about Irrevocable Life Insurance Trusts or ILITs was produced by California estate planning & elder law attorney Randall F. Kaiden. There are several procedural steps to setting up an ILIT. This video gives a brief overview of those steps.
Randall F. Kaiden, founding attorney at Kaiden Elder Law Group, PC (and The Trust Store-our online portal), was born and raised in Los Angeles. In 1998, he began working in tax, estate planning and probate law. Soon thereafter, he added Medi-Cal & Veterans Planning to his practice. Since that time, he has been VA Accredited to represent claimants before the Department of Veteran's Affairs. He is a member of Elder Counsel, Wealth Counsel and the National Academy of Elder Law Attorneys. His practice is elder-centered, helping people respond to the challenges associated with chronic illness or disability as well as focusing on asset preservation, probate avoidance, tax reduction, trusts and estates.
Attorney: Randall Kaiden, Esq.
Contact: http://www.kaidenelderlaw.com
These online videos and reading materials were prepared by Randall F. Kaiden, Esq. and for informational purposes only. They therefore DO NOT CONSTITUTE LEGAL ADVICE OR SERVICES. Watching and reading the information contained here is not intended to create an attorney-client relationship. Do not rely upon any information you receive here for any purpose without seeking independent legal advice from a licensed attorney in your State. The information provided here is very general and may or may not reflect the most current law. Thus, the information contained here is not promised or guaranteed to be correct or complete. Nothing contained on this website or retransmitted on any other is intended to be used or relied on, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer under the Internal Revenue Code of 1986, as amended. TAXPAYERS MUST SEEK INDEPENDENT TAX LEGAL ADVISE FOR THEIR OWN PARTICULAR CIRCUMSTANCES, WITH RESPECT TO ANY TRANSACTION OR MATTER CONTAINED HEREIN. Randall F. Kaiden expressly disclaims all liability in respect to actions taken or not taken based on any and all of the information (in any format) provided here.
https://wn.com/How_Does_An_Irrevocable_Life_Insurance_Trust_Work
For more information, please visit us at: http://www.kaidenelderlaw.com.
This educational video about Irrevocable Life Insurance Trusts or ILITs was produced by California estate planning & elder law attorney Randall F. Kaiden. There are several procedural steps to setting up an ILIT. This video gives a brief overview of those steps.
Randall F. Kaiden, founding attorney at Kaiden Elder Law Group, PC (and The Trust Store-our online portal), was born and raised in Los Angeles. In 1998, he began working in tax, estate planning and probate law. Soon thereafter, he added Medi-Cal & Veterans Planning to his practice. Since that time, he has been VA Accredited to represent claimants before the Department of Veteran's Affairs. He is a member of Elder Counsel, Wealth Counsel and the National Academy of Elder Law Attorneys. His practice is elder-centered, helping people respond to the challenges associated with chronic illness or disability as well as focusing on asset preservation, probate avoidance, tax reduction, trusts and estates.
Attorney: Randall Kaiden, Esq.
Contact: http://www.kaidenelderlaw.com
These online videos and reading materials were prepared by Randall F. Kaiden, Esq. and for informational purposes only. They therefore DO NOT CONSTITUTE LEGAL ADVICE OR SERVICES. Watching and reading the information contained here is not intended to create an attorney-client relationship. Do not rely upon any information you receive here for any purpose without seeking independent legal advice from a licensed attorney in your State. The information provided here is very general and may or may not reflect the most current law. Thus, the information contained here is not promised or guaranteed to be correct or complete. Nothing contained on this website or retransmitted on any other is intended to be used or relied on, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer under the Internal Revenue Code of 1986, as amended. TAXPAYERS MUST SEEK INDEPENDENT TAX LEGAL ADVISE FOR THEIR OWN PARTICULAR CIRCUMSTANCES, WITH RESPECT TO ANY TRANSACTION OR MATTER CONTAINED HEREIN. Randall F. Kaiden expressly disclaims all liability in respect to actions taken or not taken based on any and all of the information (in any format) provided here.
- published: 30 Nov 2010
- views: 7872
2:59
Irrevocable Life Insurance Trusts (ILITs)
An Irrevocable Life Insurance Trust (ILIT) is a trust that is created for the purpose of owning a life insurance policy. You can transfer ownership of an existi...
An Irrevocable Life Insurance Trust (ILIT) is a trust that is created for the purpose of owning a life insurance policy. You can transfer ownership of an existing policy, or the trust can purchase a new policy directly. ILITs are a great tool for minimizing irresponsible fiscal behavior when dealing with beneficiaries who are young or have bad spending habits. You should be aware of the pros and cons to the use of ILITs in your estate planning.
SCHEDULE YOUR ESTATE PLANNING CONSULTATION:
https://bit.ly/GenesisEPConsult
https://wn.com/Irrevocable_Life_Insurance_Trusts_(Ilits)
An Irrevocable Life Insurance Trust (ILIT) is a trust that is created for the purpose of owning a life insurance policy. You can transfer ownership of an existing policy, or the trust can purchase a new policy directly. ILITs are a great tool for minimizing irresponsible fiscal behavior when dealing with beneficiaries who are young or have bad spending habits. You should be aware of the pros and cons to the use of ILITs in your estate planning.
SCHEDULE YOUR ESTATE PLANNING CONSULTATION:
https://bit.ly/GenesisEPConsult
- published: 23 Sep 2020
- views: 32
7:28
Irrevocable Life Insurance Trusts: A Primer
Irrevocable Life Insurance Trusts can be a valuable estate planning tool. Brady Ware's Mark Kassens discusses ILITs: their uses, how they work, who typically us...
Irrevocable Life Insurance Trusts can be a valuable estate planning tool. Brady Ware's Mark Kassens discusses ILITs: their uses, how they work, who typically uses ILITs, and how ILITs can be used to save on estate taxes and provide liquidity for beneficiaries. Mark also discusses the different types of life insurance policies that can be used in an ILIT, as well as the pros and cons of each type. ILITs are used to minimize estate taxes on the death benefit of a life insurance policy. The trustee of the ILIT pays the premiums on the policy, and the death benefit is paid to the beneficiaries of the trust. ILITs can be complex, so it is important to work with an experienced estate planning professional to set one up.
https://wn.com/Irrevocable_Life_Insurance_Trusts_A_Primer
Irrevocable Life Insurance Trusts can be a valuable estate planning tool. Brady Ware's Mark Kassens discusses ILITs: their uses, how they work, who typically uses ILITs, and how ILITs can be used to save on estate taxes and provide liquidity for beneficiaries. Mark also discusses the different types of life insurance policies that can be used in an ILIT, as well as the pros and cons of each type. ILITs are used to minimize estate taxes on the death benefit of a life insurance policy. The trustee of the ILIT pays the premiums on the policy, and the death benefit is paid to the beneficiaries of the trust. ILITs can be complex, so it is important to work with an experienced estate planning professional to set one up.
- published: 12 Sep 2023
- views: 93