Self liquidating loan scam

Alternatively, if the estate is distributing assets that are not liquid (e.g., a business or real estate) or investments that may otherwise have to be sold at an inopportune time to meet the tax liability, insurance proceeds can be used as an option to cover taxes and other estate settlement costs.

An important factor to consider in determining the source of funding to pay premiums is gift taxes.

self liquidating loan scam-28self liquidating loan scam-47self liquidating loan scam-30self liquidating loan scam-14

Through hard work and good fortune, they have expanded to 15 stores throughout the Southwest.The trustee of the ILIT names the trust as the beneficiary of the insurance proceeds.Upon death, the trust beneficiaries are paid in accordance with the terms of the trust, and the insurance proceeds may be passed on to beneficiaries of the trust free of income tax and estate tax.1 The insurance proceeds may replace the value lost to taxes when the estate settles.Login or register (free and only takes a few minutes) to participate in this question.You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them).

Leave a Reply