Irrevocable Life Insurance Trust - Show 51-2

Tuesday, October 2, 2012 3,074 views

The Irrevocable Life Insurance Trust (ILIT) is designed to hold an individual or second-to-die life insurance policy or policies. Leslie Daff of Estate Plan, Inc. 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. See Leslie Daff's Website at http://estateplaninc.com/ .

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