ILITs: Not So Simple

Marty Shenkman shows there's more to think about than you might think when planning based on a "plain old" Irrevocable Life Insurance Trust in this article he wrote in 2009. Among the issues he raises:

• Trustee Selection
• Trust Situs
• Reciprocal Trust Doctrine
• GST Exemption
• Divorce Risk
• Crummey Powers