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irrevocable life insurance trusts

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Can Special Needs Trust Also Be an ILIT to Avoid Taxation of Life Insurance Proceeds?

December 8, 2023

Question: We have a special needs trust for our daughter to be funded by a life insurance policy on my husband’s life. We’re wondering if

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Can I Make a Taxable Gift to an ILIT?

July 24, 2021

Question: I set up ILIT 20 years ago and added cash and sent the required Crummey letters each year. I’m now thinking of making a

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Will Property in Irrevocable Trust be Subject to Estate Taxes When the Grantor Dies?

January 24, 2021

Question: Are assets in irrevocable trusts subject to the estate tax? (That’s “e” state not state tax). If so, does that mean both the grantor