Insurance plays a vital role in your overall financial plan, providing security and peace of mind for you and your loved ones.With Massachusetts estate taxes due for any estate worth $2,000,000 or more, it may make sense to use an irrevocable life insurance trust (ILIT). With an ILIT, you transfer the policy to the trust or you can use the trust to purchase the life insurance policy. In this arrangement, the trust owns the policy and not the insured. The ILIT removes the life insurance policy from the estate and thus the death benefit as well. This strategy can be instrumental in reducing or eliminating the estate tax due.
From life insurance to long-term care options, our goal is to protect your assets, reduce financial risks, and provide the assurance that your family will be secure no matter what the future holds. We work with you to identify gaps in your current coverage, optimize existing policies, and integrate insurance solutions into a comprehensive financial plan.
