Dallas has produced more successful businesses, real estate fortunes, and high-net-worth families than almost any other American metro. The next challenge: transferring that wealth to the next generation efficiently. Life insurance is the highest-leverage tool in a Texas estate plan.
Three reasons Dallas legacy planning clients trust us with their families.
DFW's real estate appreciation created significant paper wealth — but heirs often can't sell a home or commercial property quickly enough to pay estate costs. Life insurance provides immediate liquidity without a forced sale.
Dallas business owners need succession plans that protect the value they built. A properly funded buy-sell agreement or irrevocable life insurance trust (ILIT) ensures the business transfers cleanly and tax-efficiently.
DFW's growth trajectory means assets will continue appreciating. Designing the legacy plan today — while you're insurable — costs far less than designing it a decade from now when premiums are higher and health is less certain.
Three tiers of coverage — choose what fits your Dallas life and budget.
An Irrevocable Life Insurance Trust holds the policy outside your taxable estate, so the death benefit bypasses estate tax entirely. Ideal for Dallas estates approaching or exceeding $5M — the trust owns the policy, not you.
If one heir inherits a business and another doesn't, life insurance provides equivalent value to the non-business heir — in cash, immediately available, without forcing a business sale.
No. Texas has no state estate or inheritance tax. Only the federal estate tax applies, currently on taxable estates above $13.6M. Texas is one of the most estate-tax-friendly states in the country.
Whole life for guaranteed, conservative legacy transfer. Universal life for more flexible premium structures and permanent coverage. Survivorship life (second-to-die) for married couples planning large estate transfers.
Yes. Naming a charity as beneficiary is straightforward. Alternatively, a charitable remainder trust funded by a life insurance policy lets you give generously while still providing for your family.
Tower Hill serves all major Texas markets with licensed advisors and instant coverage decisions.
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Tower Hill Corp • TX License #2608479TX • Licensed in Dallas County