Closely held businesses routinely use life insurance to fund buy-sell obligations when an owner dies. The logic is simple: the company or surviving owners need liquidity to effect redemptions or ...

Many people (and even some seasoned financial advisors) believe that you can simply gift your existing life insurance policy to your irrevocable life insurance trust (ILIT) without any implications.

If you co-own a business, here’s a question worth sitting with: What would happen to your company if one of the partners were to die tomorrow? Without a plan in place, the answer could involve legal ...

Trusts & Estates IRS Rules on Tax Aspects of Buying, Selling Life Insurance Policies There are many reasons to purchase life insurance policies, most related to the need to provide for family in the ...