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All Blog Posts Tagged 'heirs' (2)

Ben McCann ILIT - The Irrevocable Life Insurance Trust & Their Benefits

Have you ever heard of and ILIT? Have you ever heard financial professionals talk about them? Here are some interesting facts about them, especially if your estate has significant value. Within an estate plan, life insurance can be used to: • Pay estate taxes • equalize the estate between heirs • Fund state death taxes • Fund business continuation plans, such as buy-sell agreements • Provide funds for charitable bequests People who need large amounts of life insurance need to be a… Continue

Added by Ben McCann on January 27, 2009 at 5:00pm — No Comments

Ben McCann Funding a Charitable Life Estate Plan Using Life Insurance

No crystal ball can reveal what will ultimately happen with the house part of your estate. Although, the house is often a donor’s largest asset in his or her estate, its value can fluctuate depending on factors beyond a donor’s control. One way to plan around this uncertainty is to create a “charitable life estate” complete with enough life insurance to replace the “would be” value of the home. What is a “Charitable Life Estate”? A charitable life estate involves gifting a reside… Continue

Added by Ben McCann on January 20, 2009 at 5:30am — No Comments

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