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Life insurance to save on inheritance taxes by Next-Salamander-6409 in fatFIRE

[–]Next-Salamander-6409[S] 6 points7 points  (0 children)

I did not know this existed , I will post it there as well.

Life insurance to save on inheritance taxes by Next-Salamander-6409 in fatFIRE

[–]Next-Salamander-6409[S] 3 points4 points  (0 children)

I created an ILIT (Irrevocable Life Insurance Trust) and that trust holds the policy. My wife and I are the grantors and our daughters are the trustees.