<<<<<<<<<<<<<<<<--->>>>>>>>>>>>>>>>
          <<  Lancair Builders' Mail List  >>
          <<<<<<<<<<<<<<<<--->>>>>>>>>>>>>>>>
>>
Life Insurance,

Place life insurance into a "Irrevocable Life Insurance Trust".  You
disclaim any incidence of ownership and control.  You pay the premiums to
keep it in force.  The beneficiaries are whomever you designate whenyou set
it up. The trust has its own tax Identification Number and a tax return is
filed.  You bite the dust.  The insurance trust pays off the heirs per the
terms originally set up.  If you want to discontinue the trust you cannot
change its provisions but you can stop funding the insurance hence it dies.
That is a protected asset.

Bob Smiley

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
LML website:   http://members.olsusa.com/mkaye/maillist.html
LML Builders' Bookstore:   http://www.buildersbooks.com/lancair
Please remember that purchases from the Builders' Bookstore
assist with the management of the LML.

Please send your photos and drawings to marvkaye@olsusa.com.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>