Estate Planning and Business Law

Blog Posts in June, 2013

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  • What is an Irrevocable Life Insurance Trust [ILIT]
    What is an Irrevocable Life Insurance Trust [ILIT]

    Many people do not realize that the face value of a life insurance policy can increase the size of their taxable estate at death. What this means is that if you have a life insurance policy with a ...

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  • PROBATE ISSUE:  Unintended Consequences When Surviving Spouse Sets Up Joint Tenancy on Property
    PROBATE ISSUE: Unintended Consequences When Surviving Spouse Sets Up Joint Tenancy on Property

    The majority of married couples own title to their home as "Joint Tenants with the Right of Survivorship" ["JTRS"]. One of the main reasons is that each spouse has an equal, undivided ownership right ...

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