Life insurance is a key form of financial protection for many people and families. According to data cited by Forbes, approximately half of American adults are covered by some form of life insurance. In some cases, it may make sense to put a life insurance policy (or multiple policies) within a trust. An irrevocable life insurance trust or “ILIT” is one of the most popular trust options. In this article, our La Jolla, CA, estate planning lawyer explains the most important things you need to know about irrevocable life insurance trusts (ILITs).
Irrevocable Life Insurance Trust (ILIT): Explained
Understanding the Advantages and Disadvantages of an ILIT
Is ILIT Right for Me and My Estate Plan?
Seek Help From Our La Jolla Estate Planning Attorney Today
At The Law Office of Kris Mukherji, our estate planning lawyer is sophisticated, experienced, and solutions-focused. If you have any specific questions or concerns about irrevocable life insurance trusts (ILITs), we are here as a legal resource. Call us now or send us a direct message to arrange your fully confidential estate planning consultation. From our La Jolla office, we are well-positioned to represent clients in San Diego and throughout the region.