Gift Tax Exclusion Archives

Irrevocable Life Insurance Trusts: An Estate Planning Tool

by James Osborn & Karen Ogden | Sep 17, 2024 | Financial Planning, Gift Tax Exclusion, High Net Worth, Insight, Insurance, Taxes

Irrevocable Life Insurance Trusts: An Estate Planning Tool Search for: Irrevocable Life Insurance Trusts (ILITs) are powerful tools for estate planning. There are two key features that make up an ILIT: a Life Insurance Policy and an irrevocable trust. By combining...