Gifting Flexibility in an Irrevocable Life Insurance Trust
Kenneth M. Cymbal and Michele B. Collins have written "The Flexible Irrevocable Trust" at LifeHealthPro. The article describes the irrevocable life insurance trust (ILIT), a gifting instrument that provides more flexibility to the grantor than other types of irrevocable trusts.
Posted by Michael Nissenbaum, Associate Editor, Wealth Strategies Journal.
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