On Demand

All About Irrevocable Life Insurance Trusts

1h 1m

Created on September 13, 2016




Notwithstanding the increased federal (and, in some cases, state) estate tax exemptions, irrevocable life insurance trusts continue to be a fundamental and frequently used estate planning tool. Properly structured, irrevocable life insurance trusts allow life insurance death benefits to pass free of estate tax.

This presentation, led by attorney Jed Albert, discusses the gift, estate, generation skipping transfer and income tax issues relating to the creation and maintenance of irrevocable life insurance trusts. It also provides the participant with a roadmap that can be used to minimize the impact of those taxes. 

Learning Objectives:
  1. Identify and understand the federal gift, estate, generation skipping transfer, and income tax statutes and regulations that impact irrevocable life insurance trusts
  2. Understand the applicable case law that impacts irrevocable life insurance trusts
  3. Explore drafting techniques that allow the practitioner to navigate the above in order to obtain a tool that maximizes the transmission of wealth to future generations by avoiding the impact of said taxes

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