Describe the advantages & disadvantages of using ilit

Reference no: EM13267022

Please desribe as throuroughly as poosible what Irrevocable Life Insurance Trusts are, as well as explain how they are using as lifetime transfer tools in estate planning. If possible, please describe the advantages & disadvantages of using ILIT's in estate planning.

Reference no: EM13267022

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Describe the advantages & disadvantages of using ilit : If possible, please describe the advantages & disadvantages of using ILIT's in estate planning.

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