How Policy Type Dictates Review Frequency and Oversight Needs
Not all life insurance policies are created equal — and neither should be the oversight applied to them. One of the most common missteps in
Not all life insurance policies are created equal — and neither should be the oversight applied to them. One of the most common missteps in
When a business valuation is challenged — by the IRS, by a beneficiary, or by opposing counsel in litigation — the report itself becomes the
Trustees often focus on whether a decision ultimately “worked.” But in fiduciary oversight—especially with trust-owned life insurance (TOLI) — the outcome is not always the
ITM announces the addition of Ed Usalis to its Business Valuations team, further strengthening the firm’s expertise in delivering independent, defensible valuations for privately held
Closely held business interests are increasingly common assets inside irrevocable trusts, family trusts, and grantor structures. For trustees, these assets introduce a distinct category of
Trust documents form the backbone of every Irrevocable Life Insurance Trust (ILIT). They outline the trustee’s authority, the grantor’s intent, and the beneficiaries’ rights. But
When acting as a trustee, or advising trustees, business valuations are more than just an accounting exercise. Improper or missing valuations of privately held businesses
Irrevocable Life Insurance Trusts (ILITs) are often designed with the assumption that the grantor will continue gifting funds to the trust to pay life insurance
In today’s unpredictable financial landscape, trustees and financial advisors face unique challenges when managing variable life insurance policies. As market volatility continues and interest rates
The world of trust-owned life insurance (TOLI) has always demanded careful oversight, but new data from ITM’s portfolio of over 9,500 trusts highlights a dramatic
The 2024 election results suggest that the potential reduction in estate tax exemptions likely will not occur as previously expected. As a result, many life
Managing trust-owned life insurance (TOLI) requires a comprehensive understanding of the policies held in the trust. One critical element that is often overlooked is the
Acting as a trustee for an Irrevocable Life Insurance Trust (ILIT) comes with distinct responsibilities, from managing policies to mitigating liability. Yet, many corporate trustees
In recent years, the millennial generation has begun to redefine the landscape of estate planning, bringing fresh perspectives and unique challenges to an industry historically
Fair market value (FMV) is the cornerstone of accurate business valuations, especially when it comes to managing assets within trusts or estates. For banks and
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Privately held businesses form the backbone of many families’ wealth and legacy, often representing significant personal, financial, and emotional value. When these businesses are held within trusts, accurately determining their worth becomes crucial audit, tax, financial, and legal reasons.
In this webinar, our business valuations experts will join our affiliate LITCO to help attendees gain a better understanding of when and why a trustee should seek out a privately held business valuation.
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