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Asset Protection and Tax-Free Wealth Building Via a Life Insurance Dynasty Trust
In a recent private letter ruling, the IRS ruled that assets in an irrevocable, discretionary asset protection trust were not includable in the grantor's gross estate even though the grantor was a beneficiary of the trust. Accordingly, a U.S. taxpayer can use an offshore irrevocable life insurance trust to build wealth tax-free, protect trust property against creditors, and also enjoy trust assets.
Best Insurance Rate Quotes
The very idea of insurance has a surreal quality to it. It is most beneficial to the insurer only after he or she is dead. Even so, the insured person is not going to be the actual beneficiary. That does not stop any one from getting best life insurance rates and insuring himself.
What Are the Differences Between Whole and Term Life Insurance Policies
Before you buy a policy, make sure you understand the differences between whole and term life. This way you will get the right coverage the first time!
Retirement Age - How Long Until You Can Retire?
As far as 401k and IRAs are concerned retirement age is fifty nine years and six months of age, but what does that really mean for you? Read more about how to make early retirement a reality.
Free Life Insurance Quotes - Learn How to Find and Compare Rates For Free on the Internet
There seems to be a perennial debate on who should get life insurance and how much insurance is needed. All people who support their dependents financially need to think about insurance.
Last Will & Testament, Who Needs to Write a Will?
Everybody? Not quite. There is one class of people who need to make a will, or more technically correctly, a last will and testament. Bear in mind that this document would tell the courts in as much detail as you care to provide, how you want the things in your life to be distributed among the people in your life.
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