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The Need For Life Insurance Trusts After The Tax Cuts And Job Acts

Tuesday, September 25, 2018
Category: Estate Planning and Estate Administration

The need for a life insurance trust for estate planning purposes has dwindled as the federal estate tax exemption has increased. The Tax Cuts and Jobs Act that just passed raised the exemption from $5.49M to $11.2M per person. The estate tax now affects only 1 in 1,000 estates, which is not a large prospect pool.

Reference: Michael Brohawn, Walt Lotspeich, Philadelphia Estate Planing Council Newsletter, Vol. XXVII, No. 3, Spring 2018

Kindly visit our Estate Planning or Trust & Estate Planning websites or contact one of our Estate Attorneys, Philadelphia or Estate Planning Attorneys, Philadelphia at 215-977-2800 for more information on this topic.

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