Many people do not realize that the value of life insurance after their death is a passive event. Suppose you have property, money and investments of $ 2,000,000 and you also have a life insurance policy, children can pay a million dollars after your death. The million dollars will be added when the Internal Revenue Service to calculate the amount of your property taxes is, that is, if you just need a will and / or you do not intend, in this caseTo buy.
If you trust had a "AB" Live your exemption would be more than $ 2 million, but would still have to pay life insurance with $ 1,000,000, which would be taxable.
Is there a way to avoid all this pain and there is a so called Trust Life Insurance. Your insurance will be an asset of the trust and the premium paid after your death, be described as "gifts". Because you can not give gifts of up to 10,000 € per year for non-taxableWho would be divided into lots of prizes $ 10,000 gifts each year for each of your children and your spouse or whoever you designate, and in so doing it completely from your property. A trustee of this trust as a revocable trust Living assigned.
your life insurance death proceeds would be after taxes, your children and you could also do well for the spouse and other family members, such as.
The wealth and asset protectionnot only for the wealthy. This powerful but simple strategies need to be anyone with a family matter, or to be considered.
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