The Irrevocable Life Insurance Trust: Forms with Drafting Notes - 4th Edition - Lawrence Brody

The Irrevocable Life Insurance Trust: Forms with Drafting Notes 4th Edition Lawrence Brody ISBN 9781641055154

The Irrevocable Life Insurance Trust, a best-selling volume in the Insurance Counselor series, is an essential guide for attorneys and estate planners navigating one of the most critical tools in sophisticated estate planning: drafting and establishing an Irrevocable Life Insurance Trust (ILIT). Completely updated, this practical and user-friendly primer provides a thorough overview of the different types of insurance trusts available, along with sample forms and a memorandum ready for use in your practice.

Clear and concise, this guide helps you protect your clients’ estates and assets from unnecessary taxation while guiding you in selecting the type of trust best suited for each client. Key features include:

Sample Trust Forms

• Single Life Policy Trust – Designed primarily to benefit the insured’s spouse and children

• Survivorship Policy Trust – Structured as a long-term, generation-skipping “dynasty” trust for children and future descendants

Accompanying Resources for Each Form

• Notes to Drafter Section – Highlights potential pitfalls and special considerations for planning and drafting

• Clear Outline – Written in accessible language to provide clients with a nontechnical explanation of the provisions in each trust

Additionally, the book provides:

• Sample Memorandum – To guide clients and trustees in complying with the trust agreement and federal tax law

• Sample Transmittal Letter – Designed to accompany the memorandum and streamline client communications

With practical examples, ready-to-use forms, and clear guidance, The Irrevocable Life Insurance Trust is an indispensable resource for estate planning professionals seeking to safeguard client assets efficiently and effectively.

The Irrevocable Life Insurance Trust: Forms with Drafting Notes 4th Edition Lawrence Brody ISBN 9781641055154, 978-1641055154 & 9781641055161

Authors
Lawrence Brody
Donald O Jansen