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MINIMIZE ESTATE TAXES USING IRREVOCABLE LIFE INSURANCE TRUSTS

Posted on 6/8/2017 by in Irrevocable Trust Trust Life Insurance ILIT Estate Taxes Taxes

An Irrevocable Life Insurance Trust (ILIT) is a very important estate planning tool that provides many benefits, the most beneficial of which is tax savings. An ILIT is an irrevocable (non-amendable) trust that is both the owner and the beneficiary of one or more life insurance policies.

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