? Unfunded Pension Plans Start to Be a Concern | Main
March 22, 2012
Forms for Irrevocable LIfe Insurance Trusts
You can purchase the third edition of The Irrevocable Life Insurance Trust: Forms with Drafting Notes from the ABA website. A synopsis of the book found on the ABA website is below:
An integral part of every estate planner's practice is giving advice and making recommendations about life insurance. This best-selling volume in the popular 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 daily 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, both in the text and on an accompanying CD-ROM:
- ?
- 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 memoradum 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 requirements of the agreement and federal tax law, and a sample transmittal letter to accompany the memorandum.
Please click here to purchase the forms. ?
March 22, 2012 in Books - For Practitioners, Estate Planning - Generally, Trusts | Permalink
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341bfae553ef01630328cdf9970d
Listed below are links to weblogs that reference Forms for Irrevocable LIfe Insurance Trusts:
Comments
Post a comment
2001 a space odyssey barefoot bandit polar bear plunge lovelace antioch the grey review demi moore 911 call
No comments:
Post a Comment