Estate Planning with Life Insurance Policies: Are Your Policies Worth Keeping?
A common estate planning technique which attorneys use is the creation of an irrevocable life insurance trust, or “ILIT”. The purpose of an ILIT is to minimize the impact which life insurance proceeds...
View ArticleThe Basics of Premium Financing
A few months back I had the privilege of sitting down to breakfast with my good friend (and member of my BNI “extended family), Jim Bear . Jim is a financial advisor with J. Alan Financial in Maple...
View ArticleTax Issues With Employer-Owned Life Insurance Contracts
Life insurance can be a very valuable planning tool for business owners. Some employers purchase so-called “key person” life insurance for key executives and/or other personnel who would be...
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