The Benefits of an Irrevocable Life Insurance Trust (ILIT)
Apr 04, 2022•22 min•Season 1Ep. 13
Episode description
The purpose of an irrevocable life insurance trust or ILIT is to prevent life insurance death benefits from being subject to estate taxes.
Life insurance owned by an irrevocable life insurance trust (ILIT) can be the easiest and most efficient way to pay estate taxes.
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