Concepts You Need to Know
Irrevocable life insurance trust (ILIT)
A trust that owns a life insurance policy, keeping the death benefit out of your taxable estate. For large estates, this can save millions in estate taxes.
Dynasty trust
A trust designed to last for multiple generations, potentially forever in some states. Wealth grows inside the trust, protected from estate taxes, creditors, and divorce settlements at each generation.
Family financial literacy
The most durable form of generational wealth. Heirs who understand how to manage, invest, and protect wealth are less likely to lose it. Many families formalize this through family meetings or governance documents.
Take Action Now
1
Write your financial legacy letter: what you want your heirs to know and value.2
If estate exceeds $1M, meet with an estate attorney to model trust structures.3
Have a deliberate "wealth transfer conversation" with the next generation.Want a personalized plan?
Connect with a licensed agent who can apply these concepts to your specific numbers.
Access Your Client Portal