How does funding an irrevocable life insurance trust actually lower our overall estate tax liability under current federal laws?
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Fan-out diagram
The searches the AI actually ran for this prompt.
SEED QUERY
How does funding an irrevocable life insurance trust actually lower our overall estate tax liability under current federal laws?
3 real searches · 1 real-search pass
2026 federal estate tax exemption $15 million IRS 2026 basic exclusion amount estate taxGoogle ↗
OBSERVED
IRS life insurance proceeds estate inclusion incidents of ownership three year rule section 2042 2035 ILITGoogle ↗
OBSERVED
IRS gift tax annual exclusion 2026 annual exclusion gifts Crummey trust premiumsGoogle ↗
OBSERVED
Badge and edge weight = share of passes that produced the query. Hover a query for its intent and routing format.
Query classes
Google's semantic query class for every sub-query: what kind of answer each search is after, simulated vs real.
Classifying 3 queries…
Searches and sources
ChatGPT3 real searches · gpt-6
2026 federal estate tax exemption $15 million IRS 2026 basic exclusion amount estate tax Google ↗
IRS life insurance proceeds estate inclusion incidents of ownership three year rule section 2042 2035 ILIT Google ↗
IRS gift tax annual exclusion 2026 annual exclusion gifts Crummey trust premiums Google ↗
- 26 U.S.C. § 2042: Proceeds of life insurance · uscode.house.gov
- 26 CFR § 20.2042-1 - Proceeds of life insurance. | Electronic Code of Federal Regulations (e-CFR) | US Law · law.cornell.edu
- Instructions for Form 706 (07/2026) · irs.gov
- Frequently asked questions on estate taxes · irs.gov
- Frequently asked questions on gift taxes · irs.gov
- Publication 559 (2025), Survivors, Executors, and Administrators · irs.gov
Queries
3 queries · click a column to sort
| Query / type | Search | Intent | Query class | Routing format | Cluster | Freq ↓ | Weight |
|---|---|---|---|---|---|---|---|
2026 federal estate tax exemption $15 million IRS 2026 basic exclusion amount estate tax OBSERVED | Google ↗ AI Mode ↗ | — | — | — | — | 1x of 1 | |
IRS life insurance proceeds estate inclusion incidents of ownership three year rule section 2042 2035 ILIT OBSERVED | Google ↗ AI Mode ↗ | — | — | — | — | 1x of 1 | |
IRS gift tax annual exclusion 2026 annual exclusion gifts Crummey trust premiums OBSERVED | Google ↗ AI Mode ↗ | — | — | — | — | 1x of 1 |