Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Friday, October 11, 2013

10 Questions to Ask About Estate Planning with Life Insurance


Using life insurance in your estate plan can provide significant protection for your loved ones.  Here are ten questions to ask yourself when estate planning with life insurance:

  1. What is the ongoing maintenance required for life insurance policies owned by a trust?
  2. How can Cristofani beneficiaries  make a life insurance trust more gift tax efficient?
  3. How can you utilize insurance to facilitate business succession plans?
  4. What are the unique benefits of term, whole life, and second-to-die life insurance?
  5. How can ownership and beneficiary designations affect the taxable assets of an estate?
  6. How can non-citizens avoid qualified domestic trust requirements with life insurance trusts?
  7. What are the strategies for avoiding the three-year look-back period when you transfer existing insurance to a trust?
  8. What are the generation-skipping tax issues when using annual exemption gifts to fund a life insurance trust?
  9. What options are available when the terms of an irrevocable trust don’t reflect a party’s wishes?

       10. How do you use life insurance as a wealth replacement strategy with charitable giving?

See Conference Call: Top 10 Considerations for Estate Planning with Life Insurance, McManus & Associates, Oct. 9, 2013.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.


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