Write-Off CatalogEstate Planning for Business Owners
Life Insurance Trust (ILIT)
$1615-$8075
Life Insurance Trust (ILIT) — Estate Planning for Business Owners for Baby Boomer business owners
Life Insurance Trust (ILIT)
Typical range: $1615-$8075
Estate Planning
Life Insurance Trust (ILIT) — Estate Planning for Business Owners for Baby Boomer business owners
Business justification
Estate planning costs for business owners are generally personal expenses and not deductible. However, certain business-related estate planning (buy-sell agreements, business succession structures) may be deductible as ordinary business expenses under IRC §162. Trust administration fees may be deductible. Life insurance premiums for buy-sell funding are typically not deductible, but death benefits are tax-free. Consult a tax professional for specific situations.
Category
- Estate Planning for Business Owners