A Life Insurance Trust is merely a document like a very private and secure box in which you effect in your life. Did you know that after your death the life insurance proceeds are included in your property?
The advantages of setting up a Life Insurance Trust are:

1 Reduce your estate tax
2 Controls the payment to beneficiaries
3 Use an independent trustee 4th
Provides for spouse and children
5 Private document and it is not an official record instrument
6th After your death, no lengthy and expensive probate
7. Can name all beneficiaries and determine distribution
8 Does disgruntled and disinherited heirs away from your property
For example, if you owned, money and investments of $ 2,000,000 and you also have a life insurance, one million children $ paid. What happens after your death, the Internal Revenue Service and the amount of one million in your Federal Estate Tax Return.
After creating the Life Insurance Trust, will your insurance company an asset of your trust. The premium paid on your death, would be described as a “gift”. Since you are allowed to give gifts of up to $ 10,000 per year, per person Non-taxpayers, who you want. The premiums would be divided in many $ 10,000 gifts each year for each name who you, children, spouse, family member or relative.
With the establishment of the Life Insurance Trust and place your life in the trust, your policy would be the asset of trust, therefore, the life insurance proceeds would be taken completely out of your estate. Another advantage for the development of the Life Insurance Trust is, that would be after your death, the proceeds of life insurance and then tax-free to your children and you could also apply to your spouse and other family members to contribute.
There are different types of trusts such as Revocable Living Trust, Children Trust, Simple Trust, Complex Trust and Grantor Trust. Based on your individual situation and circumstances, we will help to create the right structure, and select the best comprehensive succession planning to minimize your taxes and help your children.