Irrevocable Life Insurance Trusts Can Help With Taxes In Florida

When planning an estate it is best to have an overall financial plan that takes into account the consequences of tax law, especially estate taxation rules and regulations. There are many ways for Florida individuals to help their heirs maximize family inheritances, an important consideration in light of estate tax laws. One popular method is through the use of life insurance trusts.

When a person dies, many times his or her life insurance policies will be included in their estate. This is significant, since that fact could trigger estate taxation, depending upon the total amount of assets in the…