Life insurance proceeds will be included in the estate if suchproceeds are payable to...

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Accounting

Life insurance proceeds will be included in the estate if suchproceeds are payable to the estate or are available to pay taxes,debts or other expenses or charges of the insured's estate. Giventhis fact, how can life insurance trust help provide liquidity tothe estate and yet avoid inclusion in the taxable estate?

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life insurance trust A life insurance trust is an irrevocablenon amendable trust which is both the owner and beneficiary of one or morelife insurance policiesUpon the death of the insuredd the trustee invests the insurance proceeds See Answer

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In: AccountingLife insurance proceeds will be included in the estate if suchproceeds are payable to the...Life insurance proceeds will be included in the estate if suchproceeds are payable to the estate or are available to pay taxes,debts or other expenses or charges of the insured's estate. Giventhis fact, how can life insurance trust help provide liquidity tothe estate and yet avoid inclusion in the taxable estate?