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Irrevocable Life Insurance Trust - Show 51-2
October 02, 2012
The Irrevocable Life Insurance Trust (ILIT) is designed to hold an individual or second-to-die life insurance policy or policies. Leslie describes the main players of an ILIT and explains what factors are needed for the administration of such a trust. Leslie also discusses with Mark and Tom the benefits and drawbacks of the ILIT.
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