Irrevocable Life Insurance Trust (ILIT)

Create Trusts examples like this template called Irrevocable Life Insurance Trust (ILIT) that you can easily edit and customize in minutes.

11/20 EXAMPLES

Text in this Example:

Gifts of Cash into Trust to Pay Premiums
Irrevocable Life Insurance Trust
For Heirs After Death
Trustee pays insurance premium
Life insurance proceeds
Notice of right to gift
Refusal of gift
Trustee distributes proceeds according to trust direction after death.
No estate tax and no probate.