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Daily Archives: March 30, 2014

Irrevocable Life Insurance Trust: A Useful Planning Tool

DirectBy KazSourceMarch 30, 2014112 Comments

If you are already insurable, an Irrevocable Life Insurance Trust (ILIT) could be a good option especially for those seeking to pass wealth to their beneficiaries while avoiding estate taxes. Life insurance owned by an insured will be included in their taxable estate. For some this is not an issue, but for others it can…

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