How do I avoid estate tax on life insurance?
How do I avoid estate tax on life insurance?
Avoid estate taxes with an irrevocable life insurance trust (ILIT) One way to avoid life insurance payouts being taxed as part of your estate is to set up an irrevocable life insurance trust (ILIT). You transfer ownership of the policy to the ILIT and cannot be the trustee. Mar 15, 2022
