Life insurance is included in the taxable estate typically. A trust is a great way to remove the value of life insurance from the estate. But, there are two potential traps in this.
About Nydia Menéndez
Ms. Nydia Menéndez’ career has evolved from various perspectives, including government, the private sector, academia, and as an industry advocate. These career roles enable Ms. Menéndez to assess the competing interests from the perspective of someone who has taken one position or the other at some point in time. Thus allowing her to settle most cases with favorable results for her clients, in an expeditious and cost-effective manner.