About cwiertzema

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So far cwiertzema has created 3 blog entries.

The Life Insurance Trust Company Process

In our last post, we highlighted the fact there finally is a solution for those TOLI trustees that share a common problem - orphan trusts - life insurance trusts with grantors who have no other business relationship with the bank or trust company. That solution is Life Insurance Trust Company (LITC), an affiliated company started [...]

2019-02-04T15:43:57-06:00September 19th, 2018|BLOG|0 Comments

Life Insurance Trust Company Completes Bulk Transfers of Life Insurance Trusts

Establishes unique and proven process to transfer ILITS from Banks and Trust Companies Sioux Falls, South Dakota, September 18, 2018: Life Insurance Trust Company (LITCO), the only trust company focused exclusively on life insurance trusts, recently completed two court approved bulk transfers of life insurance trusts. The financial institutions involved moved portions of their Irrevocable [...]

2019-02-04T15:42:27-06:00September 18th, 2018|BLOG|0 Comments

Finally, a Place for Orphan ILITs!

The last few years have been a tumultuous time in the life insurance trust business.  The prospect base is shrinking after the Tax Cuts and Jobs Act raised the federal estate tax exemption from $5.49M to $11.18M per person.  Today only 1 in 1,000 estates affected by the estate tax (1).  The asset class has become [...]

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