When considering irrevocable trusts, one major concern for moderately wealthy individuals is giving up control and access to their assets. However, there are techniques available to grantors that can provide them with access to trust assets, making the decision to create an irrevocable...
High Interest Rates Boost Cash-Value Growth in Life Insurance With the current high inflation and corresponding high bond interest rates, the cash value in indexed universal life insurance (IUL) policies can experience increased growth. This provides reassurance to IUL policy owners who...
A captive insurance company (CIC) is an insurance company that provides coverage for business entities within the same “economic family”. A CIC benefits its owner(s) through a combination of factors. 1.1 Similar to regular insurance, premiums paid from a business to the CIC...
Retirement Planning Planning for retirement should start as early as possible, and it involves considering various assets such as savings, investment accounts, IRAs, employee retirement plans and pensions, home equity accessed through reverse mortgages, annuities, and life insurance...
A revocable living dynasty trust (RLDT) offers a way to pass assets across generations while retaining control. This unique trust structure provides flexibility for legacy planning. Standard irrevocable trusts lock assets in permanently once created. But an RLDT allows the grantor to...
