Ultra-wealthy people use life insurance products to mitigate and defer taxes. The rest of us use life insurance as a safety net to take care of the people we love and worry about the most. Patricia De ...

With current estate-tax rules set to expire at the end of next year, life insurance could help heirs to some high net worth clients avoid bigger costs and payments to Uncle Sam in the future.

Helping senior clients through estate planning requires a comprehensive strategy that includes consultations with their legal and tax advisors to ensure proper asset distribution, minimize tax ...

Life insurance can in some instances help clients lower estate taxes, particularly in cases where expiring provisions of the 2017 Tax Cuts and Jobs Act could lead to higher levies, according to ...

Estate planning is one of the most difficult and important financial planning processes you’ll ever go through. It’s complex, and the bigger your estate, the tougher it gets. While creating your ...

In Connelly v. IRS, No. 21-3683 (8 th Cir. 2023), the taxpayer, the estate of Michael P. Connelly argued that the proceeds from a life insurance policy payable to Crown C Corporation (the Corporation) ...

Please provide your email address to receive an email when new articles are posted on . Real estate and life insurance offer the ability to perform tax-free exchanges. Real estate and cash value ...