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What does ILIT stand for?

ILIT stands for Insurance Life Insurance Trust

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Samples in periodicals archive:

How to Set Up a Life Insurance Trust. A life insurance trust avoids or minimizes estate taxes. Turning your life insurance policy over to an irrevocable trust, a requirement of a life insurance trust, makes sure your beneficiaries receive the full payout from your policy instead of losing some of those benefits to estate taxes. You give up...