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Can the Irrevocable Life Insurance Trust Last Forever

August 10, 2017

Depending upon state law, a life insurance trust can last as long as any other trust, including dynasty trusts. If the ILIT is a dynasty-type ILIT, it will be subject to generation-skipping transfer taxes as discussed in Chapter 4. However, your generation skipping transfer tax exemption can be applied against the amount contributed to the… Read more »

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2700 S River Rd UNIT 115
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