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Irrevocable Life Insurance Trusts: What They Do

The current estate tax exemption is currently set at $5.45 million. So, if your estate is worth less than $5.45 million (or $10.9 million per couple), you do not need to worry about your children or other heirs having to pay estate taxes. However, if your estate is worth more than the exemption, you can expect Uncle Sam to tax your estate worth over and  above the exemption at a rate of about 40%. However, there are legal ways to reduce your estate and still insure your heirs receive more of your money after you pass. An irrevocable life insurance trust is one such device. An irrevocable life insurance trust reduces the amount of money in an estate by taking advantage of the yearly gift tax exclusion

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Posted in Irrevocable Trusts, Wills / Trusts

Zachary D. Schorr’s Expert Appearance on the Dr. Phil Show

Zachary D. Schorr’s Expert Appearance on ABC’s Nightline

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Zachary Schorr Superlawyers

Zachary D. Schorr has been named to the Southern California Super Lawyers (Rising Stars) list for attorneys in Real Estate for 5 straight years - 2012, 2013, 2014, 2015 and 2016. Each year, no more than 2.5 percent of the lawyers in the state receive this honor. In 2016 he was also included as one of the top 100 lawyers in Southern California in this category. The selection for this respected list is made by the research team at Super Lawyers.

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If you are currently involved in a real estate dispute, either commercial real estate or residential, and are looking for a Real Estate Attorney in Los Angeles with a cost-effective, results oriented approach designed to meet your case's specific needs, contact the attorneys at Schorr Law. Our real estate firm has the specific knowledge and experience necessary to get you the best possible results.

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Zachary Schorr Avvo Client's Choice Award