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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” »

Trusts and Wills Can Prevent Complex Estate Problems

Friday, March 28, 2014

TrustsEven though it can be emotionally difficult, establishing a trust is a very important estate planning tool that can protect your family’s assets and determine what they will receive after your death. Properly designed trusts can also reduce the tax impact on your estate and help avoid probate.

Your goal is to maximize the wealth you leave to your heirs, and trusts are an invaluable tool. We will take a quick look at some basic information about common types of trusts: Continue reading “Trusts and Wills Can Prevent Complex Estate Problems” »

7 Keys to Creating an Estate and Legacy Plan

Wednesday, May 15, 2013

When it comes to estate and legacy planning, many people may think about what they would like to do to help ensure that their family’s needs are met. But relatively few actually act on those thoughts.

And that’s natural enough. Who wants to contemplate dying? Who wants to think about your spouse or your children having to go on without you? But, of course, it does happen. And your family and other loved ones will be more likely to thrive down the road if you’ve paved the way for them.

Continue reading “7 Keys to Creating an Estate and Legacy Plan” »

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