Legal Advice for Life Insurance — 68 results
Written by attorney Tariq Zafar, 8 months ago.
Life Insurance Trusts may help save estate taxes for high net-worth individuals Payouts from life insurance are included in the estate for estate tax purposes Many of our clients are... more
Written by attorney Howard Roitman, about 2 years ago.
State insurance regulators, working cooperatively through the NAIC, are coordinating efforts
Written by attorney Howard M Lewis, about 2 years ago.
Some life-insurance policies have cash value. This means that the owner could borrow money from the policy or trade the promise to pay a future sum at death for the current cash value, less... more
Written by attorney Stephen Mendel, over 2 years ago.
It is not unusual to have multiple marriages and children from different marriages. You might even consider your former step-children to be your children and want to provide for them after... more
Written by attorney Stephen Mendel, about 3 years ago.
If you are currently planning for the possibility of entering a nursing home and having to rely on Medicaid to help pay your nursing home expenses, one estate planning issue you need to... more
Written by attorney Shannon Howell, over 3 years ago.
Life Insurance for Young Parents
Some young parents are putting a lot of money into expensive life
insurance policies which they may not really need. If you are young,
healthy, and... more
Written by attorney Edward Brown, over 1 year ago.
The term discharge of indebtedness doesnt mean much to the average person. The gist of it is that if you owe a debt and that debt is forgiven you can end up owing income tax on the forgiven... more
Written by attorney Neel G Shah, over 1 year ago.
Advantages Of An Irrevocable Life Insurance Trust
Many Americans may be unaware of what an irrevocable life insurance trust (ILIT) is, let alone the benefits it may provide to them.... more
Written by attorney Thomas Dallas, about 2 years ago.
Life Insurance: What are the general purposes for life insurance? Pt. 2
6. To pay for death taxes and/or estate settlement costs. These costs can exceed 50% of the fair market value of an... more
Written by attorney Shannon Thatcher, about 2 years ago.
Question: Can the Internal Revenue Service attach life insurance proceeds payable to a specified beneficiary to satisfy a decedents tax debt?
Case Example: When Decedent died, she had an... more