Advocate’s View: Life insurance trustee absolved of policy lapse — this time

By: Special to The Daily Record TONY ADAMS February 16, 2021 Comments Off

An Irrevocable Life Insurance Trust — ILIT for short — is a common estate planning tool, well known to attorneys and financial planners. Its sole purpose is to own and maintain a life insurance policy, keeping it out of the insured’s name until death, when the benefit is then paid to the named beneficiaries per ...

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Advocate’s View: Life insurance trustee absolved of policy lapse — this time

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Advocate’s View: Life insurance trustee absolved of policy lapse — this time

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