Life Insurance Trusts Aren't Just for the Wealthy

Cordell, David M.; Kurlowicz, Ted
May 2006
Journal of Financial Planning;May2006, Vol. 19 Issue 5, p42
Academic Journal
The article discusses the benefits of life insurance trusts for clients who are not wealthy. Because of increases in the estate tax exemption in the United States, many financial planners have deemphasized life insurance trusts, despite their continued usefulness. Revocable life insurance trusts, which allow the grantor flexibility and privacy in how their assets are controlled, can be beneficial for middle income families who are looking to invest money to finance college for their children. The article discusses how to set up these trusts for maximum benefit to a client.


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