FREE CONSULTATION 480-409-5174 480-409-5174
Home / Blog / Avoiding Probate

Tag Archives: Avoiding Probate

Using Irrevocable Life Insurance Trusts in Estate Planning

  An irrevocable life insurance trust (ILIT) is a legal instrument that manages how life insurance proceeds are treated for estate tax purposes. An insured person transfers ownership of his or her life insurance policy to the ILIT and appoints a trustee to manage it. When the insured person dies, the policy’s death benefit becomes […]