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6/19/2011
David M. Frees, III
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Why Do Wealthy Never Own Life Insurance Outright?


So, what is a Life Insurance Trust?

A life insurance trust is an irrevocable trust where your life insurance policy is the main asset. After you are gone the assets go directly to your designated beneficiaries and are not considered part of your estate for federal tax purposes.

A life insurance trust is only one of dozens of different kinds of trusts that can save you money, provide care for someone else, and shield your spouse from unnecessary taxes, among many other purposes.

To learn more about many common trusts and why  average and wealthy people use them read this trust guide How to Find the Right Trust for You

Trusts are a great tool for you to save money and prepare for you and your families future.

If you need a will or trust drafted to your specifications call 610-933-8069 and ask for David Frees or one of the lawyers at Unruh, Turner, Burke, and Frees for a telephone conference or appointment. David Frees can also be reached at dfrees@utbf.com

 

 

 



Category: Wills, Trusts and Probate



David M. Frees is Chairman of the Trust, Estates, and Wealth Preservation section of Unruh, Turner Burke and Frees with offices serving all of South Eastern Pennsylvania including Chester County, Montgomery County, Berks and Bucks counties, Philadelphia and Lancaster counties.

David FreeDavid M. Frees IIIs is rated highly by Martidale.com and has attained the highest rating by AVVO of 10 (Superb) on a scale of 1-10.


David meets with many clients each week and in order to give them his full attention, he is not always available to reply immediately to cell phone or email requests.  Immediate assistance can always be reached at 610-933-8069.
David M. Frees III
dfrees@utbf.com
610-9338069

David Frees is a prolific author on legal topics and in addition to the articles and blogs featured on this site, please feel free to view his postings at http://www.utbf.com/trust-estate



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