# @edwardcollins_upleveled on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DMskhkTRghd
- **Gondola URL:** https://gondola.cc/posts/35104125-edwardcollins-upleveled-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/51109a74ac.jpg
- **Posted:** 2025-07-29T15:20:50.000+00:00
- **Account Owner:** Edward Collins | Money Lawyer & Wealth Strategist (@edwardcollins_upleveled) — https://gondola.cc/edwardcollins_upleveled

## Caption

Got questions about how trusts interact with IRAs or life insurance? 

Drop them in the comments — I’ll answer them personally. 

TRUSTS, IRAs, & LIFE INSURANCE — WHAT MOST PEOPLE GET WRONG. 

I’m not here to say this post is wrong… 

But it’s definitely incomplete. 

And in the world of tax strategy and estate planning? 

Incomplete = missed opportunities. 

Let’s break it down: 

🔹 IRAs + The SECURE Act. 

Before 2019: 

➡️ Beneficiaries could “stretch” IRA distributions over their lifetime. 

After the SECURE Act? 

➡️ Most now have to distribute everything within 10 years. 

But there’s a twist: 

Eligible Designated Beneficiaries (EDBs) still get lifetime stretch treatment. 

(Think spouses, minor children, chronically ill individuals, etc.). 

🧨 If your trust is the beneficiary of your IRA? 

It usually kills the stretch. 

Which means: 

❌ Less tax flexibility. 

❌ Fewer strategic withdrawal options. 

❌ Faster tax acceleration. 

🔹 Life Insurance + Trusts. 

The original post says not to put your life insurance in a trust. 

Okay. But there’s more to it. 

Yes, a revocable trust won’t provide strong asset protection. 

But that’s not the only kind of trust. 

Enter the Irrevocable Life Insurance Trust (ILIT): 

✅ Removes the death benefit from your estate. 

✅ Creates protection from creditors. 

✅ Enables long-term distribution control for your heirs. 

In other words… 

It’s a weapon when used right. 

💡 Here’s the takeaway: 

Structure drives outcome. 

And your outcome depends on understanding the rules — and all the options available to you. 

If you’re serious about reducing taxes, protecting wealth, and creating a legacy… 

📩 Drop your questions in the comments — and I’ll help you sort through the noise. 

Credit (IG): Steve Saxton [stevesaxton] 

 SF0725

## Stats

- **Views:** 10,473
- **Likes:** 318
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- **Comments:** 12

## Credits

These are the roles credited on Gondola. Credits may be incomplete.
A brand, account owner, or featured person is not necessarily the creator.

| Name | Username | Profile | Role |
| --- | --- | --- | --- |
| Edward Collins | Money Lawyer & Wealth Strategist | @edwardcollins_upleveled | https://gondola.cc/edwardcollins_upleveled | Talent |
| Hector Garcia | @Hector_FilmSchool | https://gondola.cc/Hector_FilmSchool | Content Producer |

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