In an ILIT, the grantor or creator of the trust cannot change the terms or beneficiaries of the trust, just like any irrevocable trust. However, grantors may place one or more life insurance policies ...

Protecting your estate from creditors, predators, in-laws, and outlaws. That is a key reason for clients with larger estates to consider establishing an Irrevocable Life Insurance Trust, or ILIT.

An ILIT can present many advantages to individuals who possess significant amounts of life insurance. One of the primary benefits is that the ILIT strategy can help reduce estate tax liability, as ...

The strategic use of life insurance helps equalize inheritances, provide immediate liquidity for tax bills and more ...

"The things you do for yourself are gone when you are gone, but the things you do for others remain as your legacy." — Kalu Ndukwe Kalu Created to own and control, a life insurance policy for while ...

An irrevocable life insurance trust (ILIT) is a legal structure that allows you to transfer ownership of a life insurance policy to a trust. You specify exactly how you want the life insurance ...

Investors, business owners and real estate holders today face a critical dilemma when exiting highly appreciated assets: how to manage capital gains tax, retain income and preserve generational wealth ...

Life insurance can in some instances help your clients lower their estate taxes, particularly in cases where the expiring provisions of the 2017 Tax Cuts and Jobs Act could mean higher levies, ...