A New York and New Jersey Lawyer Who Represents Policyholders and Beneficiaries in Life Insurance Denial Cases

I came across a quite detailed column that outlined the various ways in which a person can use a life insurance policy to fund a charitable gift.

A main advantage of this type of gift is that it is free of estate and gift taxes. In addition, a life insurance policy can be substantially larger than a typical cash gift provided through a will. And you can even, in some cases, claim the premium payments as tax deductions.

The column is too complex to reproduce its points here, especially since we here at thelifeinsurancelawyer.com are not tax specialists. But it explores all of the nuances of gifting a life insurance policy to a charity after death. And it explains the consequences of each fork-in-the-road option that you have along the way when considering this type of gift.

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