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Estate Planning  |  ILIT  |  Legacy Planning  |  Wealth Management  |  crummy letter  |  estate planning  |  irrevocable life insurance trust  |  legacy planning

Irrevocable Life Insurance Trust

An irrevocable life insurance trust (ILIT) is an irrevocable trust set up to own and be beneficiary of life insurance  policies. The life insurance can be on one individual or be a second-to-die survivorship policy where death proceeds are payable at the second death.

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