Life insurance is included in the taxable estate typically. A trust is a great way to remove the value of life insurance from the taxable estate. But there are two potential traps in this. The prior article examined the first trap, the three-year lookback of Section 2035. This article will examine how the Transfer for Value rule can make life insurance taxable. Read on to learn more about how to avoid the income taxation of life insurance.
- Passport. Hotel Reservations. Living Trust? What No Vacation is Complete Without. - July 26, 2021
- What You Need to Know about Medicaid Estate Recovery - July 23, 2021
- Could Deficit Reduction Take Your Life Savings? - July 19, 2021