Latest / The High Net Worth Podcast with Fexingo: Wealth Management, Tax Strategy, and Affluent Finance
How Family Offices Use Life Insurance for Estate Planning
In this special 150th episode of The High Net Worth Podcast, Lucas and Luna explore an often-overlooked cornerstone of ultra-wealthy estate planning: life insurance. They break down how family offices use irrevocable life insurance trusts, or ILITs, to keep death benefits out of taxable estates, and why second-to-die policies are a favorite for married couples. The discussion also covers premium financing—where families borrow to pay premiums rather than liquidating assets—and the crucial role of the 'Crummey power' in maintaining gift tax exclusion. With a real-world example…
The skinny
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