THE LAW OFFICE OF DANIEL K. PRINTZ » ilit http://thelegacylawyer.com Estate Planning / Probate & Trusts / Business Law (858) 720-8250 info@thelegacylawyer.com Thu, 17 Nov 2011 22:12:00 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Life Insurance to support Gifts to Charity http://thelegacylawyer.com/2009/07/life-insurance-to-support-gifts-to-charity/ http://thelegacylawyer.com/2009/07/life-insurance-to-support-gifts-to-charity/#comments Wed, 15 Jul 2009 21:15:46 +0000 admin http://thelegacylawyer.com/?p=251 Sometimes we want to give to charity, but we feel we can’t because we don’t want to deplete our resources for ourselves or our family. Life insurance has a role to play here.

Life insurance placed in an Irrevocable Life Insurance Trust (ILIT) can replace the value of assets given to charity. Life insurance can be purchased to match the amount given to specific charities, to educational accounts, or as gifts to individuals during your lifetime.

When done correctly and advisedly, life insurance and charitable gifting can be a pleasant addition to your estate plan. Consult with your estate planning advisor, or call the Legacy Lawyer at (858) 740-4370 to discuss how to set up an ILIT or charitable trust.

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