The Role of Crummey Notices in Defensible ILIT Administration
For an Irrevocable Life Insurance Trust to accomplish its central purpose — keeping a life insurance death benefit out of a taxable estate — the
For an Irrevocable Life Insurance Trust to accomplish its central purpose — keeping a life insurance death benefit out of a taxable estate — the
In today’s evolving trust landscape, directed trusts are increasingly used to tailor fiduciary roles, centralize expertise, and offer specialized administration. Yet despite their growing popularity, there remains confusion
Serving as trustee of an Irrevocable Life Insurance Trust (ILIT) comes with strict fiduciary duties. Chief among them is the obligation to act solely in
The financial markets in 2025 continue to experience turbulence, with factors like shifting interest rates, inflationary pressures, and geopolitical uncertainty all contributing to volatility. For
Many Irrevocable Life Insurance Trusts (ILITs) hold term life insurance policies — often because they are an affordable way to secure coverage during a set
Life Insurance Trust Company (LITCO) is proud to announce the appointment of Jon Olson as its new President. With more than two decades of experience
Trustees of Irrevocable Life Insurance Trusts (ILITs) are charged with managing life insurance policies in a fiduciary capacity. If left unmonitored, an underperforming policy can
As a financial advisor or estate planning attorney, you’ve likely encountered clients who have named a family member or friend as trustee of their Irrevocable
The landscape of trust and estate planning is shifting rapidly, influenced by economic changes, technological advancements, and evolving client priorities. Insights from Bank of America’s
For financial advisors and estate planning attorneys managing Irrevocable Life Insurance Trusts (ILITs), handling trust-held life insurance policies can quickly become a complex and time-consuming
One of the key challenges trustees face when managing Irrevocable Life Insurance Trusts (ILITs) is dealing with unresponsive grantors. Whether it’s because of a busy
As financial advisors or estate planning attorneys, you may often encounter clients who have established Irrevocable Life Insurance Trusts (ILITs) and named friends or family
Privately held businesses form the backbone of many families’ wealth and legacy, often representing significant personal, financial, and emotional value. In the United States alone,
The recent U.S. Supreme Court decision in Connelly v. United States (No. 23-146, 6/6/24) has significant implications for estate planning, particularly in the realm of
As we approach the 2025 Estate Tax Sunset, it’s crucial for financial advisors to proactively adjust their clients’ estate tax planning strategies. The impending changes
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we’re hosing a Q&A with the business valuations experts at itm
Privately held businesses form the backbone of many families’ wealth and legacy, often representing significant personal, financial, and emotional value. When these businesses are held within trusts, accurately determining their worth becomes crucial audit, tax, financial, and legal reasons.
In this webinar, we’re talking with valuations experts from ITM to get a better understanding of when and why a trustee should seek out a privately held business valuation.
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