Friday, August 18, 2006
Transferring Life Insurance To and From ILITs
In my December 2004 column, I commented on an almost universal phenomenon involving irrevocable life insurance trusts (ILITs): no matter how close the relationship may have been between the insured and the trustee when the ILIT was drafted, within a few years the insured is going to want to change trustees. There is another equally universal phenomenon involving ILITs: no matter how much thought went into their drafting, they become outdated. The insured may become dissatisfied with the terms of an ILIT for his or her family, or an ILIT created as part of a corporate buy-sell agreement may no longer be necessary.
Transferring Life Insurance To and From ILITs
Source: Insurance News Net
Transferring Life Insurance To and From ILITs
Source: Insurance News Net
Permalink posted by armandn @ 8:29 AM 
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