To address existing irrevocable life insurance trusts (ILITs) in the context of a divorce, there are five steps that practitioners must take.
Insurance Trusts Post-Divorce
To address existing irrevocable life insurance trusts (ILITs) in the context of a divorce, there are five steps that practitioners must take. The first four were addressed in Part One of this article: Collect Documents; Analyze Current Circumstances and Facts; Establish Insurance Objectives; and Review Existing ILIT to See If and How Objectives Can be Achieved. The conclusion discusses the fifth step.
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