Crummey Indeed; Providing Proper Crummey Notices to Beneficiaries of an ILIT is Essential to Preserve Tax Benefits.


A highly regarded estate tax-savings tool utilized in estate planning is the Irrevocable Life Insurance Trust, commonly referred to as an “ILIT”. Establishing an ILIT allows proceeds from a life insurance policy to escape estate taxes upon the death of the insured.  Under the current income tax laws, proceeds from a life insurance policy are […]
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