TOLI Trustees Should Not Throw Away A Tax Opportunity With The Policy
We have previously written about how changes in the estate tax laws have some grantors questioning their need for a large tax-free death benefit. We can provide many reasons why retaining a policy still makes sense, but there may be other reasons (bad policy performance, cost of insurance increase, etc.) that necessitate a policy replacement, or even surrender. The IRS allows a tax-free exchange for [...]