Welcome to the MDTAXES Message Board

The MDTAXES Network is an affiliation of CPAs that specialize in the tax planning and preparation for young health care professionals.  Please leave your questions or comments for our CPAs, who visit the message board regularly, or review the answers, suggestions and ideas posted in response to your colleagues' questions.

Please check out our other Message Boards available at www.FindAGoodCPA.com.

Please note: We are NOT affiliated with the Maryland Tax Department. If you're looking for information about Maryland income taxes, go to www.marylandtaxes.com.

Disability and Life Insurance
Start a New Topic 
Author
Comment
View Entire Thread
Re: Irrevocable Life Insurance Trust

Thanks for the advice! I plan to place an employer-paid life insurance policy within my ILIT. However, my employer pays the life insurance premiums weekly with every paycheck. In this situation, how do you handle notifying the beneficiaries of their withdrawal rights? Does one annual Crummey letter suffice?

Thanks so much!
Marie

Re: Irrevocable Life Insurance Trust

Marie-

I will have Claudio reply to your message again. Just so you know, he can be reached directly at (516) 328-1874 or by email to cdevellis@abramslaw.com. You can also view his bio at www.abramslaw.com

Zip Code: 11797