Irrevocable Life Insurance Trust
The unfunded irrevocable life insurance trust
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Related Articles
Advantages Of Irrevocable Life Insurance Trust
The primary objective of an irrevocable life insurance trust (ILIT) is to remove the life insurance proceeds from appearing in the insured owner's estate assets. Therefore, when the ILIT testa...
ILIT - The Irrevocable Life Insurance Trust
Irrevocable Life Insurance Trusts (ILITs) are planning tools used to keep life insurance proceeds outside of the taxable estate. For example, if a married couple has an estate of 6 million, t...
