To ILIT or Not to ILIT. That Is the Question.
by William Conway, JD and Mary Merrell Bailey, JD, CPA, MBA, MS (Tax), MSA
This 2 page excerpt covers some basic concepts of Irrevocable Life Insurance Trust (ILIT) Planning, including:
- What’s the Point of Irrevocable Trust Planning?
- Life Insurance
- Alternatives to the ILIT