Life insurance is one of the most tax-efficient estate planning tools available. The death benefit passes income-tax-free to your beneficiaries and, when structured properly in an irrevocable life insurance trust (ILIT), can also avoid estate taxes — effectively creating a tax-free inheritance.
This answer is provided for general informational purposes only and does not constitute financial advice. Every family’s situation is different. For personalized guidance, schedule a free consultation with our team.
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