"We desperately tried to refinance our rental home loan with several lenders, but were declined due to the rental income not meeting the required debt service ratio. Duncan Law was able to get us a loan modification at a very low rate. We are forever grateful to Duncan Law for their excellent work and highly recommend their services to anyone who wishes to protect their property and hard-earned investments. "
- Joan and Matt K. | TestimonialLife Insurance is critical in protecting families and businesses. A Life Insurance Trust (“ILIT”) is an Irrevocable Trust established to be the beneficiary of a life insurance policy. If the premiums are gifted to the Trust, the life insurance proceeds will not be included in the Grantor’s estate for Federal Estate Tax purposes. The proceeds can be used to provide your estate with the liquidity to pay estate taxes, debts, final expenses, and provide income to a surviving spouse or children. With this type of irrevocable trust, you are able to create a legacy around the life insurance proceeds to protect your beneficiaries’ interest from their creditors.
