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Accretive Wealth Blog

Irrevocable Life Insurance Trusts: A Valuable Tool You May Not Know

Wednesday, June 25, 2014

Seat BeltYou buy life insurance policies to provide for your loved ones after you are gone. If your estate is large, however, some of the insurance proceeds may end up going toward estate taxes—and that’s important because the estate tax rate is now 40%.

To shield the payout from your life insurance policy, you can set up an irrevocable life insurance trust (ILIT), which becomes the beneficiary of your life insurance and allows the proceeds to pass to your heirs without being subject to estate tax. Basically, the trust owns the policy. Continue reading “Irrevocable Life Insurance Trusts: A Valuable Tool You May Not Know” »

How Will Obamacare Affect You?

Friday, October 18, 2013

The news is full of stories about the Affordable Care Act—better known as Obamacare—but most of us don’t really understand what the law requires. In this blog, we’d like to give you some basic information about Obamacare.

If you have insurance through your employer, you’ll be able to keep it (and you’ve probably already noticed that some preventive services have been added over the last couple of years). If you’re on Medicare or Medicaid, you can stick with your existing coverage. Continue reading “How Will Obamacare Affect You?” »