Life Insurance Trusts
One of the tools for the estate planner is the use of an Inter Vivos (lifetime) Life Insurance Trust. At Hoyt & Stanford, we're experts at making sure living trusts are written correctly and without any loopholes. We can ensure that your estate is protected from the IRS.
Inter Vivos (lifetime) Life Insurance Trust.
Typically such a Trust would be used in the situation where a couple would have a taxable estate and life insurance is going to be provided for to pay estate taxes. By setting a life insurance policy to be owned by a life insurance trust, properly done, these proceeds will be excluded from both income taxes and federal estate taxes.
Ted W. Hoyt practices in Life Insurance Trusts.