Posts Tagged ‘ILIT’
Revenue Ruling 2023-2
Revenue Ruling 2023-2 is Nothing New The IRS ruled in Revenue Ruling 2023-2 that assets in an irrevocable trust outside the taxable estate of the grantor, do NOT get a step up in cost basis when the grantor dies. Although this ruling has received some attention and disagreement in the media, it is nothing new…
Read MoreIncidents of Ownership
If you own a life insurance policy on yourself, you may be paying premiums for the benefit of the IRS.
Read MoreOld ILIT New Solutions
There are many ways to modify or update an irrevocable trust. Find out how.
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