10 Questions to Ask About Estate Planning with Life Insurance

Using life insurance in your estate plan can providesignificant protection for your loved ones. Here are ten questions to ask yourself when estate planning with lifeinsurance:

1. What is the ongoing maintenance required forlife insurance policies owned by a trust?
2. How can Cristofani beneficiaries  make a life insurance trust more gift taxefficient?
3. How can you utilize insurance to facilitatebusiness succession plans?
4. What are the unique benefits of term, wholelife, and second-to-die life insurance?
5. How can ownership and beneficiary designationsaffect the taxable assets of an estate?
6. How can non-citizens avoid qualified domestictrust requirements with life insurance trusts?
7. What are the strategies for avoiding thethree-year look-back period when you transfer existing insurance to a trust?
8. What are the generation-skipping tax issues whenusing annual exemption gifts to fund a life insurance trust?
9. What options are available when the terms of anirrevocable trust don’t reflect a party’s wishes?

       10. Howdo you use life insurance as a wealth replacement strategy with charitablegiving?

See Conference Call: Top 10 Considerations forEstate Planning with Life Insurance, McManus & Associates, Oct. 9,2013.

Special thanks toJim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringingthis article to my attention.