Go to Jeff Salisbury LWGate Home Page.From: "Paul Wojcik" <paul_wojcik@hotmail.com>
Subject: Life Insurance / Trusts / Estate planning
Date: Mon, 15 Jun 1998 08:28:15 PDT
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Since Mr. Lester invited Life Insurance questions, I figured I would pose a question or two that I've been thinking about. I want to have term coverage on myself with my wife as benficiary, followed by my son if my wife doesn't survive me. In order to avoid excessive estate taxes in the event that my wife and I both die and my son is to collect the insurance, is it advisable to establish an irrevocable trust and have the trust by the policy and be the benficiary? This seems to be the best structure, but what happens if we plan this way and then only I die? I could have her as a primary benficiary, but I wouldn't want the policy payoff to be a large gift from the trust to her... Should she and my son both be trust benficiaries? Can she also be the trustee? Many thanks for help on these confusing (at least for me) topics, Paul ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com - -
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