How does an Irrevocable Life Insurance Trust work?
There are several procedural steps to setting up an ILIT. This video gives a brief overview of those steps.
Attorney: Randall Kaiden, Esq.
Contact: http://www.the-trust-store.com
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Indiana Life, Accident, And Health Insurance
–What is an ILIT? Irrevocable Life Insurance Trust
What is the purpose of an ILIT Trust: The purpose is to remove life insurance proceeds out of the estate of the deceased and as suchto reduce the estate taxes.
