Contrary to popular belief, the IRS taxes life insurance. This strategy and accompanying document package contains two trusts of 37 indexed pages each (husband and wife) and gives you the asset protection strategy that allows you to pass the full value of your estate to your heirs, whether it's $700,000, $700 million or $700 billion. Insurance placed in this vehicle avoids estate taxation.

LAWSUIT PROTECTION . . . The lawsuit protection factors are significant. As you separate yourself from ownership and being able to change the beneficiary, the cash value during your lifetime, and full value following death, are insulated.

INCOME TAXES . . . The income tax advantages of this trust are minimal.

ESTATE PLANNING . . . If your estate exceeds $600,000 including insurance proceeds, it will be subject to estate tax; the more your estate exceeds $600,000, the more you need an Irrevocable Insurance Trust. Why pay insurance premiums on $1,000,000 of insurance if your family will only receive about $500,000? This simple tool can eliminate the imposition of estate and inheritance taxes. See your qualified insurance agent or Financial Planner to transfer your life insurance into this valuable tool.