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ILIT - The Irrevocable Life Insurance Trust
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knowled...@hotmail.com
Jun 17, 2007, 6:06:02 AM6/17/07
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If you are contemplating buying life insurance to pay estimated future estate taxes, you will probably want to use an Irrevocable Life Insurance Trust. Here’s why…
Irrevocable Life Insurance Trusts (ILITs) are planning tools used to keep life insurance proceeds outside of the taxable estate.
For example, if a married couple has an estate of 6 million, they can pass 4 million to the next generation with no t...
Read full article at http://www.knowledgefield.com/articles/ilit-the-irrevocable-life-insurance-trust.shtml
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