Irrevocable Life Insurance Trust PC1350-Digital

RISK MANAGEMENT

LIFE INSURANCE

HOWAN ILIT WORKS

GRANTOR MAKES GIFTS TO THE TRUST

Trust Payments Crummey Withdrawal Power

BENEFICIARY

TRUSTEE PURCHASES LIFE INSURANCE POLICY TO FUND THE IRREVOCABLE LIFE INSURANCE TRUST

Pays Premiums

INSURANCE COMPANY

Death Benefit

ESTATE MAKES LOANS OR BUYS ASSETS

AN IRREVOCABLE LIFE INSURANCE TRUST IS AN ESTATE-PLANNING TOOL USED TO PROVIDE LIQUIDITY FOR PAYING ESTATE TAXES AND PRESERVING THE VALUE OF ASSETS PASSING TO THE HEIRS.

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