More examples in Estate Planning/Tax Planning
Decision Tree of Ownership and Taxation of Life Insurance Claims Example
SmartDraw includes thousands of professional-looking diagrams like this that you can easily edit and make your own.
Text in this example:
Life Insurance
Policy Death Proceeds Your Own Policy Irrevocable Trust
or Others Taxed in
Your Estate Excluded from Estate Tax-Free to Beneficiaries Tax-Free to Beneficiaries
Policy Death Proceeds Your Own Policy Irrevocable Trust
or Others Taxed in
Your Estate Excluded from Estate Tax-Free to Beneficiaries Tax-Free to Beneficiaries