For a variety of reasons, many people adamantly believe the following assertion is true: “life insurance is tax free.”  Despite being a common belief about taxes, it is simply not true. For the most part, when people talk about life insurance being tax free, they are referring to the death benefit of a life insurance policy which typically pays out only after the insured individual has passed away.  Which tax are they referring to?  Usually income taxes

This primer is meant for instructional purposes only.  It has been created with the intent of providing only a surface-level overview of common trust types for a non-attorney audience.  This primer is not a substitute for proper legal guidance.  The trust arrangements described below should not be attempted without an experienced professional who can provide this counsel. 

This primer is meant for instructional purposes only.  It has been created with the intent of providing only a surface-level overview of common trust types for a non-attorney audience.  This primer is not a substitute for proper legal guidance.  The trust arrangements described below should not be attempted without an experienced professional who can provide this counsel. 

This primer is meant for instructional purposes only.  It has been created with the intent of providing only a surface-level overview of common trust types for a non-attorney audience.  This primer is not a substitute for proper legal guidance.  The trust arrangements described below should not be attempted without an experienced professional who can provide this counsel. 

Estate planning is a crucial process that allows individuals to protect their assets and ensure the smooth distribution of their estate after they pass away. However, life circumstances and legal landscapes can change over time, making it essential for people to review their estate planning documents regularly with the guidance of an attorney. There are several key issues that should prompt individuals to seek an attorney's assistance in reviewing their estate planning documents.