Estate planning is one of the most important aspects of managing your client’s financial legacy and ensuring that their loved ones are well taken care of after they are gone. One powerful tool that individuals often overlook is the Irrevocable...
Life insurance policies have become increasingly complex, especially for insureds who live beyond policy maturity. Historically an unseen risk, due to enhancements in medical care along with good health habits, insureds are living longer. The risk of the insured living...
Managing trust-owned life insurance policies is a complex task. Trustees often lack the time and resources to gain a deep understanding of life insurance. While many professional trustees engage third-party providers for regular policy reviews, many rely on minimal actions,...
Asset protection trusts are designed to do something most trusts are not: keep assets out of reach of the grantor’s own future creditors. That purpose...
Discretionary trusts give trustees something most fiduciary roles don’t: real latitude. Instead of following a fixed distribution schedule, a trustee is asked to exercise judgment,...
For trustees administering a broad range of trust accounts, the annual trust asset review is one of the most consequential — and consequentially underestimated —...
For an Irrevocable Life Insurance Trust to accomplish its central purpose — keeping a life insurance death benefit out of a taxable estate — the...
In today’s evolving trust landscape, directed trusts are increasingly used to tailor fiduciary roles, centralize expertise, and offer specialized administration. Yet despite their growing popularity,...
Serving as trustee of an Irrevocable Life Insurance Trust (ILIT) comes with strict fiduciary duties. Chief among them is the obligation to act solely in...
Stay up to date on trust-owned life insurance industry news and best practices. Subscribe to our blog to get emails when new posts are published.
Serving as trustee for life insurance trusts comes with significant fiduciary duties, and one of the most important is preventing a policy lapse. Trustees often have other roles and responsibilities in addition to being a trustee on one or more...
Asset protection trusts are designed to do something most trusts are not: keep assets out of reach of the grantor’s own future creditors. That purpose...
For an Irrevocable Life Insurance Trust to accomplish its central purpose — keeping a life insurance death benefit out of a taxable estate — the...
The financial markets in 2025 continue to experience turbulence, with factors like shifting interest rates, inflationary pressures, and geopolitical uncertainty all contributing to volatility. For...
Many Irrevocable Life Insurance Trusts (ILITs) hold term life insurance policies — often because they are an affordable way to secure coverage during a set...
The landscape of trust and estate planning is shifting rapidly, influenced by economic changes, technological advancements, and evolving client priorities. Insights from Bank of America’s...
For financial advisors and estate planning attorneys managing Irrevocable Life Insurance Trusts (ILITs), handling trust-held life insurance policies can quickly become a complex and time-consuming...
Asset protection trusts are designed to do something most trusts are not: keep assets out of reach of the grantor’s own future creditors. That purpose...
Discretionary trusts give trustees something most fiduciary roles don’t: real latitude. Instead of following a fixed distribution schedule, a trustee is asked to exercise judgment,...
For an Irrevocable Life Insurance Trust to accomplish its central purpose — keeping a life insurance death benefit out of a taxable estate — the...
Serving as trustee of an Irrevocable Life Insurance Trust (ILIT) comes with strict fiduciary duties. Chief among them is the obligation to act solely in...
The financial markets in 2025 continue to experience turbulence, with factors like shifting interest rates, inflationary pressures, and geopolitical uncertainty all contributing to volatility. For...
Many Irrevocable Life Insurance Trusts (ILITs) hold term life insurance policies — often because they are an affordable way to secure coverage during a set...
we’re hosing a Q&A with the business valuations experts at itm
Privately held businesses form the backbone of many families’ wealth and legacy, often representing significant personal, financial, and emotional value. When these businesses are held within trusts, accurately determining their worth becomes crucial audit, tax, financial, and legal reasons.
In this webinar, we’re talking with valuations experts from ITM to get a better understanding of when and why a trustee should seek out a privately held business valuation.
Sign up to receive an email whenever we publish a new blog post with industry news and best practices for trust-owned life insurance.
