re: The debate about universal life insurance

quote:

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There are ways to leverage the whole life policy and other investment options that involve setting up a trust. GRATs and some other lending strategies to leverage trust assets. It is out of my league of knowledge, but I was reading something a couple months ago. I'll see if I can find the article.

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I LOVE the DIY-ness of so many on this board. It's really neat to see.

GRATs funded by overfunded whole life, etc, are some really, really advanced technical things that to me, fall under the "do not try this at home" mantra. They can work, work really well, in some very specific situations, but professional advice and guidance is almost always needed. You can make mistakes easily and blow up a lot of stuff if not careful.