How an ILIT can solve your estate planning quandaries
$225.00
Description
Abstract: An irrevocable life insurance trust (ILIT) can be a solution for those who worry that their heirs won’t have sufficient cash to pay estate taxes — or that a life insurance policy’s value might exceed lifetime estate and generation-skipping transfer tax exemptions. But as this short article explains, ILITs also have potential drawbacks.
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