Chapter 30 - § 30.6 • CONCLUSION

• Jurisdiction: Colorado

§ 30.6 • CONCLUSION

Clients purchase various types of life insurance policies for a wide variety of reasons and their wishes vary significantly as to who will control the policy and how, when, and to whom the benefits of a policy will be distributed. When it comes to taxes, however, clients think uniformly and seek to avoid the unnecessary payment of tax. An ILIT will accomplish the tax savings objectives of clients and will allow the most flexibility of any alternative in the design of dispositive instructions and management of policy benefits. In fact, it is the only alternative...