Recent Posts

Archive

Tags

Re-examining Your Client’s Trust-Owned Life Insurance Policy


Many wealth managers and estate-planning advisors will counsel their high-net-worth clients to purchase life insurance policies inside of a trust. Trustees, which are often professional management firms, then maintain the policies, which are often professional management firms. This can be very smart financial planning, as trust owned life insurance (TOLI) can allow families to achieve a variety of important tax planning and charitable giving objectives.

When a trust owns life insurance, the trustees are assigned the responsibility (under the prudent investment rule and relevant state laws) to exercise proper oversight of that asset in the trust. This involves evaluating the financial health of the policy, considering prudent techniques for paying the policy premiums and managing the policy in a way that integrates with other estate-planning strategies.

Please click here to continue reading: http://bit.ly/2nCO6jN

 

Julian Schubach is an Investment Advisor Representative of Nosuris, Inc., a New York State Registered Investment Advisory. Investment Advisory Services are offered through Nosuris, Inc., a NYS Registered Investment Advisory. Please visit www.Nosuris.com for additional disclosures. Check the background of this firm on FINRA’s BrokerCheck.

©2016 by Julian Schubach