The Survivorship Spousal ILIT

Jones, Lawrence T.
February 2000
Advisor Today;Feb2000, Vol. 95 Issue 2, p42
Trade Publication
Describes an estate planning tool called irrevocable life insurance trust (ILIT). Reason for the popularity of a Survivorship ILIT; How to design and create a Survivorship Spousal ILIT; Goals that can be accomplished by a properly drafted Survivorship Spousal ILIT.


Related Articles

  • Irrevocable Life Insurance Trust Helps Plan Estate. Weller, Bradley E. // Grand Rapids Business Journal;09/05/2000, Vol. 18 Issue 36, p26 

    Informs on irrevocable life insurance trust (ILIT) in the United States. Non-inclusion of death benefit in the estate for estate tax purposes; Mechanics of establishing an ILIT; Naming of a trustee; Reduction of estate tax liability.

  • The UTC And ILITs: Is What You Read Really What You Get? Tomasio, Hugo A. // National Underwriter / Life & Health Financial Services;10/29/2007, Vol. 111 Issue 40, p32 

    The article offers information on irrevocable life insurance trusts (ILIT) and uniform tax codes (UTC) in estate planning. ILIT is aimed at keeping the policy proceeds out of the insured's estate and has significant estate planning benefits. Likewise, regardless of its benefits, life insurance...

  • Built-in GRAT Exit Strategies For Self-Financed Premiums. Shuriah, Nerre // National Underwriter / Life & Health Financial Services;5/12/2008, Vol. 112 Issue 18, p18 

    The article focuses on the significance of self-financing with grantor retained annuity trust (GRAT) as an exit strategy. It states that in a self-financed arrangement, the grantor can lend funds to an irrevocable life insurance trust (ILIT) or to the insured's heirs. In addition, it notes that...

  • Proper estate planning can turn out to be GRAT-ifying. Talsma, Julia // Ophthalmology Times;10/01/2000, Vol. 25 Issue 19, p73 

    Focuses on estate planning in the United States. Information on irrevocable life insurance trusts; Disadvantage of irrevocable life insurance trust; Features of the grantor retained annuity trust (GRAT); Cost of setting up a GRAT.

  • Re-Examining the Use of Cristofani Trusts for Gift Tax Leveraging. Zipse, Randy L. // Journal of Financial Service Professionals;Nov99, Vol. 53 Issue 6, p86 

    For high net-worth clients, the gift tax consequences of funding an irrevocable life insurance trust (ILIT) can be a significant hurdle w proper estate planning. Few estate planning concepts offer the advantage of a Cristofani trust. A Cristofani trust allows an insured to maximize the number of...

  • How I Learned to Stop Worrying and Love the Death Tax. Heintz, Nadine // Inc.;Aug2004, Vol. 26 Issue 8, p50 

    Offers several estate-planning strategies to minimize death tax. Advice on maximizing estate tax exemption using the owners' marital status; Benefits of creating an irrevocable life insurance trust; Ways to transfer company shares without losing control.

  • Spousal Lifetime Access Trusts: Planning Opportunities Using Second-to-Die Life Insurance Policies. Clark, Britney Zollinger // Journal of Financial Service Professionals;Nov2010, Vol. 64 Issue 6, p50 

    Irrevocable life insurance trusts (ILITs) have been a significant planning tool for clients with taxable estates for many years. While the term "irrevocable" lends itself to an image of something that is rigid and final, with proper planning a great deal of flexibility can be incorporated into...

  • Irrevocable Life Insurance Trusts. Sobczak, Carol A.; Robbins, Lawrence A. // Franchising World;Sep/Oct96, Vol. 28 Issue 5, p46 

    Discusses various aspects of irrevocable life insurance trust. How the trust works; Tax savings; Disadvantages; Persons who can act as trustees.

  • Irrevocable Trusts and Life Insurance: They Stand the Test of Time, Part II. Duff, Richard W. // Journal of Financial Planning;Aug1999, Vol. 12 Issue 7, p34 

    Part II. Provides information on irrevocable life insurance trusts (ILIT). Benefits of ILIT; Details on the creative legal drafting for the beneficiaries; Importance of planning and ILIT-owned policy on wealth preservation.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics