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Bowditch & Dewey

Estate Planning: The Irrevocable Life Insurance Trust

Bowditch & Dewey on

There is a common misconception that life insurance benefits are not subject to estate tax. While the proceeds of a life insurance policy are not taxable income to the beneficiaries, they are part of a person’s taxable estate...more

Bowditch & Dewey

Estate Planning: The Irrevocable Life Insurance Trust

Bowditch & Dewey on

There is a common misconception that life insurance benefits are not subject to estate tax. While the proceeds of a life insurance policy are not taxable income to the beneficiaries, they are part of a person’s taxable estate...more

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