In so many ways, our time on this earth is short and unpredictable. For any number of unforeseeable reasons, your life can change or end in an instant. Therefore, many individuals make the prudent decision to purchase life insurance. This decision reflects a person’s mature attitude in dealing with the difficult subject of untimely death or disability. But how do you know the beneficiaries of a life insurance policy will treat the proceeds with the same levels of maturity and foresight? That is the unknown variable. Major life events, like death, often have a profound impact on the mental state and decisions of loved ones. Therefore, it is well advised to set up an Irrevocable Life Insurance Trust (ILIT). The insightful, innovative Palm Beach trust attorneys at Kitroser, Lewis & Mighdoll work closely with you and your family to establish the right ILIT for your unique situation.
Many people might wonder why an ILIT is necessary? Why not simply purchase a life insurance policy? In theory, your life insurance policy is already designed to address your loved one’s projected financial needs. But there are a number of reasons why an ILIT is recommended, such as:
Contact reputable Palm Beach trust and estate planning attorneys today for a free consultation
You want to take steps to provide peace of mind for you and your loved ones. Perhaps an irrevocable life insurance trust is right for you. When you need assistance creating an ILIT or have any estate planning questions, the knowledgeable Palm Beach trust attorneys at Kitroser, Lewis & Mighdoll possess the skills and answers you need. Contact us today to schedule a free consultation at 561-721-0600 or contact us online. We serve Palm Beach, North Palm Beach, Palm Beach Gardens, West Palm Beach, Jupiter, Juno Beach, Singer Island, Tequesta, Hobe Sound, Lake Park, and all of South Florida.
The North Palm Beach Estate Planning Lawyers of Kitroser, Lewis & Mighdoll, welcome clients from the cities of West Palm Beach, Stuart, Palm Beach Gardens, Palm Beach, Jupiter, Tequesta, Juno Beach, Singer Island, Lake Park, Hobe Sound, Royal Palm Beach, Wellington, Lake Worth, as well as all of Palm Beach County, Martin County and South Florida.
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