Irrevocable Life Insurance Trust (ILIT): Keeping Proceeds Outside Taxable Estate
How ILIT structures work, when they help, and where administration failures create problems.
Structural Purpose
- ILITs can remove policy proceeds from insured estate if structured and operated correctly.
- Trust ownership and premium gift administration require strict process.
- Policy selection should match trust purpose: liquidity, equalization, or tax planning.
Build a coverage plan that actually survives real life.
Use the short form to get a practical policy direction based on your goals, budget, and risk tolerance.