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    kiel85
    • Nov 16, 2018
    • 3 min

    Irrevocable Life Insurance Trusts-Estate Tax Planning

    Many clients are shocked to find out that the life insurance policies they own at death are includable in their estate when determining whether a Federal or Massachusetts estate tax return must be filed. In Massachusetts, an estate tax return is required to be filed when an individual passes away owning over $1,000,000 in assets. If that individual owns one or two life insurance policies on their life, and a piece of real estate, it does not take much else to meet the Massach
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