One asset protection strategy is an irrevocable life insurance trust, or ILIT. Here's what to know about this financial product. "An irrevocable life insurance trust is a type of trust that is ...

Irrevocable life insurance trusts (ILITs) can’t be changed or terminated after they are in place. But since the assets in the trust are no longer under your control, they can’t be subject to ...

Anatoly Iofe is founder and CEO of IceBridge Financial Group, a global multifamily office based in Boca Raton, Florida.

Irrevocable life insurance trusts: An irrevocable life insurance trust can remove your life insurance from your taxable estate, help pay estate costs, and provide your heirs with cash for a ...

You can create an irrevocable life insurance trust (ILIT) and name that trust the owner of your life insurance. By doing so, that particular asset will be removed from your estate. Upon your death ...

Many survivorship policies come under the ownership of an irrevocable trust, also known as an irrevocable life insurance trust—ILIT. Because the primary purpose of the policy centers on ...

An irrevocable trust is an essential tool in the kit of most estate planners, not only for sheltering assets from future estate tax, but for protection from potential creditors and lawsuits. Depending ...

If you are not wealthy, there is no good reason to fund an irrevocable trust with life insurance, create charitable remainder trusts, or gift substantial property to avoid estate taxes prior to ...

The decision whether to choose a revocable or irrevocable trust for the protection of assets ... Evaluate your need for a flexible plan that can adapt to life's unpredictable financial and ...