562.424.8619

Life Insurance Trusts

An Irrevocable Life Insurance Trust is an irrevocable trust (i.e., it cannot be modified) established to purchase and own life insurance on the insured (usually with the insured's children as beneficiaries). An Irrevocable Life Insurance Trust is established to keep the proceeds of life insurance from being taxed for estate tax purposes and to give liquidity (i.e., cash) to the beneficiaries to pay bills or taxes. An Irrevocable Life Insurance Trust is not a part of a decedent's estate.

To view a video by Long Beach Estate Planning Attorney John T. Anderson on Irrevocable Life Insurance Trust and other types of trusts prepared by The Law Office of John T. Anderson, Click Here.

Contact our office for more information on estate planning and Irrevocable Life Insurance Trusts.

DISCLAIMER: The information contained in this website is intended to inform the reader, generally, of issues in California estate planning, trust, and probate law and is not to be the final resource, and should not be considered legal advice. The information is not intended to be all-inclusive. To obtain detailed information or advice regarding a specific legal problem, you should contact a qualified attorney in your geographic area and state. Although attorneys John T. Anderson, Lisa R. Norman, and John T. Anderson, Jr. (“Attorneys”) intend that this website be correct, complete, and up-to-date, they do not guarantee it to be. It is not intended to be a source of legal advice, thus the reader must seek out specific advice, from competent counsel. Attorneys do not intend links on this website to be referrals or endorsements of the linked entities. Sending e-mails to John@trustlaw.ws or other e-mail addresses associated with attorneys or staff at The Law Office of John T. Anderson does not create, and receipt does not constitute, an attorney-client relationship. No representation is made that the quality of the legal services provided by Attorneys exceeds that provided by other lawyers. To the extent that this website is deemed an “advertisement,” Attorneys advertise only in California and do not seek to represent a person based solely on that person’s visit to this website. Attorneys are licensed to practice law only in California and are willing to appear in courts only in California. Attorneys maintain one office located in Long Beach, California.

The Law Office of John T. Anderson
1741 E. Wardlow Rd., Long Beach, California 90807