The Irrevocable Life Insurance Trust: Forms with Drafting Notes, Fourth Edition

Donald O Jansen, Lawrence Brody

ISBN 10: 1641055154 / ISBN 13: 9781641055154

Published by ABA Book Publishing, 2019

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Seller Inventory # ERICA82916410551546

Bibliographic Details

• Title: The Irrevocable Life Insurance Trust: Forms with Drafting Notes, Fourth Edition
• Publisher: ABA Book Publishing
• Publication Date: 2019
• Language: English
• ISBN 10: 1641055154
• ISBN 13: 9781641055154
• Binding: paperback
• Condition: New
• Book Type: book

About this title

Synopsis

An integral part of every estate planner's practice is giving advice and making recommendations about life insurance. Clear and concise, this updated user-friendly primer offers a comprehensive overview of the types of insurance trusts you can draft for your clients, differentiating between the them and helping you identify the one that will work best for their specific needs. It also includes examples of the necessary forms and a related client memorandum. This best-selling volume in the Insurance Counselor series guides you through one of the most fundamental aspects of sophisticated estate planning - drafting and setting up an Irrevocable Life Insurance Trust. Now completely updated, this user-friendly primer offers a comprehensive overview of the types of insurance trusts you can draft for your clients, and includes examples of the necessary forms and a memorandum you can use in your practice. Clear and concise, The Irrevocable Life Insurance Trust will help you protect your clients' estate and assets from taxation. It differentiates between the two types of trusts you may use, identifying the best one that will work for your client. The book contains these sample forms: Single Life Policy Trust: Intended to primarily benefit the insured's spouse and children Survivorship Policy Trust: Meant to serve as a long term, generation-skipping "dynasty" trust for the benefit of children and future descendants Accompanying each of the two sample forms are: Notes to Drafter Section: Alerts you to special problems associated with planning and drafting Clear Outline: Written in layperson's language, this is designed to provide nontechnical guidance to your client regarding the provisions of each sample form Finally, this primer contains both a sample memorandum to a client who has created an Irrevocable Life Insurance Trust, outlining the procedures which need to be followed by the insured/grantor and by the trustee in order to comply with the ...