Irrevocable LIfe Insurance Trusts Explained

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Gerey Byer of the Wills, Trusts & Estates Professors Blog covered an article on ILITS which discusses issues with Irrevocable Life Insurance Trusts (“ILITs”) and some of the important issues of determining the proper trustee and which state law to use.

Martin M. Shenkman (Member, Martin M. Shenkman, P.C.) has written a new article entitled The Practical Planner: “Insurance Trusts (ILIT) Not So Simple”, Feb. 2, 2009.

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