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Phone: 201-345-3018

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Posts tagged "life insurance trusts"

Irrevocable life insurance trusts: a useful estate planning tool

Trusts can be greatly useful tools when it comes to estate planning. Part of making use of trusts for estate planning is determining what financial vehicles will be used to fund them. One option is to make use of life insurance for this purpose. One particular option is to set up an irrevocable life insurance trust. These are trusts in which the trust itself is the owner and beneficiary of life insurance policies.