Irrevocable Life Insurance Trust (ILIT) Benefits and Drawbacks
Irrevocable life insurance trusts (ILITs) can be a critical component of an estate plan. They’re a tool that can help you avoid having to pay estate taxes, and ensure more is left behind for your loved ones. In this article, you’ll explore the functionality of ILITs. You’ll see how they work, their benefits and drawbacks, and […]