Taking the sting out of the 45% estate tax!

The old saying "Nothing is certain in this world except death and taxes" is true, but it fails to point out the irony that one of the most painful taxes is the estate tax, otherwise known as the death tax.  Without an invitation, Uncle Sam is already planning to meet with your executor and estate attorney to collect his fair share of your estate -- 45 percent under today's tax code. 

An irrevocable life insurance trust (ILIT) can be an effective way to pay those taxes, especially for business owners and people who own large real estate holdings.  For details on ILIT's, see my newly-published article"Taking the sting out of the 45% estate tax!"