Skip to Content

You may have established an irrevocable life insurance trust (ILIT) as an integral part of your estate plan.  An ILIT is a trust that is constructed to primarily hold a life insurance policy (or policies) on the grantor during the grantor’s lifetime.  As the name indicates, an ILIT generally cannot be revoked, amended or modified after it has been drafted and executed.  Once the grantor contributes property or

Read More – Sept. 2019