What Trustees Should Know About Life Settlements

Jun 1, 2021 9:10:00 AM / by LISA posted in Financial Advisors, Financial Planning, life settlement, Life Insurance Settlement, Life Insurance, Trustees, Long Term Care

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When an elderly parent’s health deteriorates, it can become necessary to appoint older children as trustees. A trustee takes legal ownership of the assets held by a trust and assumes fiduciary responsibility for managing those assets and carrying out the purposes of the trust. This includes managing financial assets such as life insurance policies.

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Life Insurance Settlement History: How it Began

Mar 10, 2021 7:30:00 AM / by LISA posted in life settlement, Life Insurance Settlement, Life Insurance, Life Settlement Regulation

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Life insurance settlements have been around for over a century, yet many are still uninformed about the development of the process and how it came about. In this blog, we’ll highlight all the pivotal moments for the life settlement industry and how this has affected the industry today. 

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Life Settlement Industry Timeline

Oct 17, 2018 2:07:00 PM / by LISA posted in Insider, life settlement, Life Insurance Settlements, Life Insurance

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1911

Grigsby v. Russell: The U.S. Supreme Court ruled that life insurance policies are an asset. Like all assets, life insurance policies are now freely assignable for value.

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