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Don West, Jr.'s - Legacy & Estate Planning Blog

Don West, Jr.'s - Legacy & Estate Planning Blog

http://legacy-lawyer.blogspot.com

Legacy Planning is a compliment to the estate planning process and focuses on the intangible assets a person or family posses. A critical element in the generation of a legacy is the ability to maintain a tangible presence beyond the actual span of o

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Allergy and Immunology News of the Day

Allergy Notes | November 22nd 2009

Health News of the Day is a daily summary made from the selected links I post on Twitter. It is in a bullet points format with links to the original sources which include 350 RSS feeds that produce about 2,500 items per day.Intralymphatic immunother read more

Irrevocable Life Insurance Trust Benefit

Term Life Insurance | November 1st 2009 by Franda

The main purpose of irrevocable life insurance trust (ILIT) is to get life insurance products to appear in the insured property by the owner of the asset. Therefore, when the document testamentary of ILIT is compiled, it must ensure that the policyho read more

"Switching" ILITs

Wealth Streategies Journal 2.0 (Beta) Feature Articles | October 12th 2009 by Lewis J. Saret

By Julius H. Giarmarco, Esq.Irrevocable life insurance trusts ("ILITs") are commonly used to keep insurance proceeds outside the estates of the grantor-insured, the grantor's spouse, and the grantor's descendants (if a generation-skipping trust is us read more

What are an ILIT's components?

Don West, Jr.'s - Legacy & Estate Planning Blog | September 30th 2009 by Don West, Jr.

Irrevocable life insurance trusts (ILIT's) are used to:create an estate for heirs using life insuranceshield life insurance payouts from estate taxreplace assets given to charities or placed in IIOT's (Irrevocable Income Only Trusts)People often make read more

Why would I want my irrevocable trust to own my life insurance?

Don West, Jr.'s - Legacy & Estate Planning Blog | September 29th 2009 by Don West, Jr.

If you own life insurance, it is included in your taxable estate and the proceeds will be taxable for federal estate tax purposes. So, in 2009, an individual is allowed a federal estate tax exemption on their first $3.5 million of assets, including read more

What is an irrevocable life insurance trust?

Don West, Jr.'s - Legacy & Estate Planning Blog | September 28th 2009 by Don West, Jr.

An irrevocable life insurance trust (ILIT) is an irrevocable trust that is created to own and be the beneficiary of life insurance policies on the trust maker's life. A reason to use this type of trust is to remove the insurance proceeds from a per read more

Potential for Compromise in West Bank Settlements

The Mideast Peace Pulse | July 27th 2009 by IPF

The Israeli inhabitants of two ultra-Orthodox communities in the West Bank demonstrate a surprising willingness to compromise in future Israeli-Arab land negotiations.  While Modiin Ilit and Beitar Illit have a rapidly growing population with in read more

Ilit

The Twilight Reign | July 9th 2009 by Chris Dawson

Full Title:Ilit, the Messenger GodGender:MaleGod of:MessagingTemples & Shrines:A bronze statue of Ilit carrying the Horn of Seasons is situated outside the public baths in NarkangFacts: read more

The Gods

The Twilight Reign | July 4th 2009 by Chris Dawson

Below is a list of each God within The Land mentioned in The Stormcaller:Alterr Amavoq Baoliss Belarannar Death Fate Ilit Karkarn Larat Leitah Nartis Nyphal Tsatach Vasle As with the cities, these are the Gods that appear in The Stormcaller, so any t read more

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