Monthly Archives: July 2017

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(Legal) Word* of the Day: ILIT

Mark Twain famously said, “A classic is something everybody wants to have read, but no one wants to read.” Life insurance is a little like that. Everyone needs it, but we don’t like to talk about it much. Life Insurance as Key Estate Planning Tool Life insurance is an amazing estate planning tool. I cannot… Read more »

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CRUTs, NIMCRUTs, and Flip CRUTs: Charitable Remainder Unitrust Options

Charitable remainder unitrusts (CRUTs) are an important charitable giving tool. CRUTs can provide both an income stream and income tax deduction to you as well as a contribution to your favorite charity. In certain situations, though, a traditional CRUT may be limited in effectiveness. Two other types of CRUTs: the NIMCRUT and the Flip CRUT,… Read more »