Thursday, June 3, 2010

Irrevocable Life Insurance Trusts: A Tutorial, (2)

Irrevocable Life Insurance Trusts: A Tutorial, (2) Last time, we looked at a cost-effective way to handle estate taxes: use life insurance, coupled with an irrevocable life insurance trust. Today we look at how an ILIT works and what a Crummey power note is.

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