The Self Evaluation for ILIT Trustees

As a trustee, are you able to answer “yes” to the following questions? Are all the policies under your care financially sound? Are you able to assure the grantor(s) that his/her estate and financial planning expectations will be met? Are you familiar with the myriad of issues that could negatively affect the trust’s policies? Do [...]

The Active Management Required for Trust Owned Life Insurance

How trustees review and manage life insurance policies varies widely and few, if any, have formal review policies and procedures in place despite the various regulations and the vast array of duties and responsibilities assumed by them. There are many professional trustees who have retained services to regularly review and assist with the management of [...]

The Many Duties and Responsibilities of ILIT Trustees

Trusts have long played an essential role in estate planning for many individuals and families.  The assets held in trust can vary from real estate to stocks, bonds, insurance policies, jewelry, and other collectibles.  This deep-dive will focus on trust held life insurance policies, which can be considered a special asset class. For some, trust [...]

Insurance Trusts – Are Your Clients in Good Hands?

The single largest personal investment for couples between thirty and sixty years of age is often their personal home.  The mortgage payment on a $400,000 home is $2,416 a month, the national property tax rate average is 1.19%, and the average homeowner insurance cost is $2,300.  When you look at the total investment over the span of [...]