Micah J. Nichols and Rodney S. Retzner: The uses and benefits of irrevocable life insurance trusts
The benefit of an ILIT, if structured properly, is that life insurance proceeds are not included in the client’s taxable estate.
Life Insurance
Articles
Investors say they are owed money from life settlements
The Indiana Secretary of State’s Securities Division is investigating multiple complaints it has received against Roger Dobrovodsky and/or his business entities.
Conseco settles life insurance class action for $27M
A nationwide class action against an Indiana insurer that alleged more than 3,600 policyholders were overcharged for premiums has been resolved through a $27 million settlement, plaintiffs’ attorneys said Friday. The settlement provides that each class member will receive at least $500, but most will receive $1,000 or more.
COA rules for law firm in unpaid fee dispute
The Indiana Court of Appeals has affirmed judgment for a Fort Wayne law firm after one of its clients refused to pay attorney fees she found to be unreasonable.
Plaintiffs’ appeal of bad-faith ruling for bank costs more legal fees
Finding a couple’s appeal of a judgment in favor of a bank meritless and in bad faith, the Indiana Court of Appeals affirmed a trial court ruling and remanded the case for a determination of appellate legal fees to be awarded from the couple to the bank.