The irrevocable life insurance trust (ILIT) can be an important estate strategy tool that may accomplish a number of estate objectives; however, it may not be appropriate for every individual.1, 2 What Is an ILIT? An ILIT is created by an individual (the grantor) during his or her lifetime. The ILIT owns a life insurance Read the full article…
A Primer on Irrevocable Life Insurance Trusts
