Life Insurance Revisited
In an era of the unlimited marital deduction, portability and historically high estate tax exemptions and gift tax annual exclusion amounts, one might be tempted to conclude life insurance isn't really necessary anymore. Nothing could be further from the truth. There remain numerous situations, unrelated to generating liquidity to pay estate tax, in which life insurance can play an invaluable role.
In this teleconference, we will examine:
- Numerous important uses for life insurance
- Proper life insurance beneficiary designations
- Life insurance trusts
- Life insurance income tax trap