Ryan Law, LLC

Mark Ryan

Attorney at Law

Acton, MA

978.264.9966

 

INSURANCE SERVICES

IRREVOCABLE LIFE INSURANCE TRUSTS

An irrevocable life insurance trust is a trust that is established to hold ownership of a life insurance policy. Although proceeds of life insurance are normally income tax free the proceeds are included in the estate of the insured, if the insured owned the policy. An ILIT can save many thousands of dollars in estate taxes.

 

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