New Jersey Insurance Lawyers. Find New Jersey Insurance law firms and New Jersey Insurance Attorneys.

Statndard Listings

Specializing in Consumer Product Claims and Construction Law Litigation on Behalf of Owners, Contractors and Professionals

http://www.jnclaw.com | Site Details | Get Address / Map

Larry M. Pollack, Esq.

Dedicated, experienced attorney providing friendly, personalized service for nearly 20 years; hire an attorney who will meet with you as often as you need and will return your calls. Initial consultation are free. Most cases handled on a contingency fee basis: if you don't make money, I don't make money. Se habla espanol.

http://www.northjerseyinjurylaw.com | Site Details | Get Address / Map

Young & Perez

Your Regional Authority for Workers' Compensation Law

http://www.youngandperez.com | Site Details | Get Address / Map

Articles

Irrevocable Life Insurance

CONSIDER AN IRREVOCABLE LIFE INSURANCE TRUST (ILIT) TO REDUCE ESTATE TAXES Insurance on your life will be included in your taxable estate if either (1) Your estate is the beneficiary of the insurance proceeds, or (2) You possessed certain "incidents of ownership" in the policy within three years of your death. Incidents of ownership that will cause the proceeds to be taxed in your estate include the rights to: change beneficiaries, assign the policy, pledge the policy as security for a loan, borrow against the policy's cash surrender value, and surrender or cancel the policy. A life insurance trust is an effective way to keep life insurance proceeds from being taxed in your estate.

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Irrevocable Life Insurance
CONSIDER AN IRREVOCABLE LIFE INSURANCE TRUST (ILIT) TO REDUCE ESTATE TAXES Insurance on your life will be included in your taxable estate if either (1) Your estate is the beneficiary of the insurance proceeds, or (2) You possessed certain "incidents of ownership" in the policy within three years of your death. Incidents of ownership that will cause the proceeds to be taxed in your estate include the rights to: change beneficiaries, assign the policy, pledge the policy as security for a loan, borrow against the policy's cash surrender value, and surrender or cancel the policy. A life insurance trust is an effective way to keep life insurance proceeds from being taxed in your estate.