Federal tax · None
How Life Insurance Trusts (ILITs) Protect Wealth
Placing million-dollar life insurance inside an irrevocable life insurance trust creates a layer of protection against estate tax and other family wealth risks.
External site: opens kiplinger.com in a new tab.
What changed
Placing million-dollar life insurance inside an irrevocable life insurance trust creates a layer of protection against estate tax and other family wealth risks.
Planning context
Why it matters
Connect the development to the governing primary source and the relevant evergreen guide before applying it.
The source controls. Read its date, scope, definitions, transition rules, forms, and later updates before applying this summary to a real matter.