By Julius H. Giarmarco, Esq.An irrevocable life insurance trust ("ILIT") is widely recognized as one of the more popular instruments used to implement a gift leveraging program. A threshold problem for the client contemplating an ILIT is the fact that...
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Herbert K. Daroff, J.D., CFP®Baystate Financial Planninghdaroff@baystatefinancialplanning.comwww.baystatefinancialplanning.comRetirement planning involves much more than asset ALLOCATION. First, the study that resulted in asset allocation did not take into consideration tax consequences. All of their data points were qualified retirement plan portfolios. If...
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