Articles, tagged with "life insurance policies", page 1

Trusts

The value of life insurance trusts

13th January 2011
You may think of life insurance in very simple terms: you buy a policy so that your loved ones will have some financial assistance when you die. But if you have assets of $1 million or more, you should view life insurance as a tool – kind of a Swiss army ...
Author: Ishan Goradiya

Bankruptcy Law

Detroit Bankruptcy Lawyers: Can I Keep My Stuff If I File Bankruptcy?

04th August 2010
One of the biggest myths in bankruptcy, mostly perpetuated by the credit card industry, is that you will lose everything if you file bankruptcy. These myths are constantly being put out there to scare you away from bankruptcy and the debt relief you may d...
Author: Detroit Bankruptcy Lawyer

Estate Planning

Planning Opportunities with Partnership-Owned Life Insurance

26th March 2010
In Estate of Knipp v Commissioner, 25 T.C. 153 (1955), the decedent was a 50% partner in a general partnership that was owner and beneficiary of 10 life insurance policies on his life. The policies were purchased for business purposes. The court ruled tha...
Author: Julius Giarmarco, Esq.