Commentary: Life insurance’s function in estate planning to shift

The new tax law has effects on estate planning that clients and their financial advisors might not yet fully understand, including that life insurance might serve chiefly as a "useful backstop that will become more common in the new trust planning," writes Martin Shenkman of Shenkman Law. Other changes include more income tax benefits for nongrantor trusts and different factors affecting asset location, Shenkman writes.

Financial Planning online (2/14)