There are useful tools available to advisors and investors when it comes to estate planning. One of the tools that stands out is the irrevocable life insurance trust (ILIT). This is a form of ...

An irrevocable life insurance trust (ILIT) is often used to set aside assets for certain purposes, such as paying estate taxes, because these assets themselves are not taxable. In order to do this ...

In addition, an irrevocable life insurance trust protects the benefits stemming from a life insurance policy from estate taxes. Since it's irrevocable, it generally cannot be altered or undone ...

An irrevocable life insurance trust, or ILIT, would own a life insurance policy and any death benefit would be excluded from the client's estate. Gifts to the trust would qualify for the annual ...

Find out everything you need to know about irrevocable trust including its definition, its types and the advantages and ...

There are plenty of ways to save money on estate plans including irrevocable trusts ... Business trusts can help protect assets within LLCs, among others. Life insurance trusts, which hold ...

Tax planning attorneys have nearly limitless estate and tax planning techniques that can help minimize estate tax and achieve capital gains tax efficiency. Irrevocable trusts can be drafted with ...

If a decedent owns a life insurance policy at the time of their death and it is not included in an irrevocable trust, the ...

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An irrevocable life insurance trust can hold your life insurance policy and help avoid estate taxes. The trust takes control of your policy though your beneficiaries would still get the death benefit.