Pass life insurance death benefit estate-tax free.
An Irrevocable Life Insurance Trust owns your life insurance policy — death benefit escapes your taxable estate. Fund premiums via annual Crummey-notice gifts (up to $18k/beneficiary/yr) which qualify for the annual exclusion. A $5M policy passes to heirs fully outside a taxable estate, saving 40% federal estate tax on the death benefit.
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Multiply the $10M §1202 exclusion across multiple trusts.
4% corporate tax + 0% capital gains for bona fide residents.
Stack the $500K primary-home exclusion on top of a 1031 deferral.
Convert Traditional to Roth during sabbaticals or business-loss years.
Capitalize property taxes and interest on undeveloped land.
Deduct now, control forever, employ heirs.
Ordinary loss (not capital loss) on failed small biz — up to $100K.
Buy leveraged real estate inside your IRA — tax-deferred or tax-free.