You are here: Home FAQ FAQ Understanding Charitable Remainder Trusts 14. Are there any restrictions on transferring my existing policies to an insurance trust?

14. Are there any restrictions on transferring my existing policies to an insurance trust?

Yes. If you die within three years of the date of the transfer, it will be considered invalid by the IRS and the insurance will be included in your taxable estate. There may also be a gift tax. Be sure to discuss this with your advisor.

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