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LITCO is your partner for ILITs. Life Insurance Trust Company’s successor trustee services eliminate the costs and risks of administering Irrevocable Life Insurance Trusts (ILITs) in-house.
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Purchasing an irrevocable funeral trust allows applicants to set aside funds for funeral and burial costs they or their family will have to pay for eventually. And by doing so, they reduce their countable assets, which may help them qualify for Medicaid.
An ILIT is a special trust used to take ownership of life insurance policies for estate-planning purposes. Here's how they work and how to set one up.
Funeral Trusts are a type of irrevocable trust created expressly for the purpose of paying your final expenses. The trust contains, as its asset, a single premium life insurance policy.
An irrevocable funeral trust is one way to pay for your funeral, but it isn't without cons. Here is both sides of the argument in using these tools.
With smart, capable financial products like our Irrevocable Funeral Trust, Pre-need funeral insurance, and our Single Premium Immediate Annuity, UFL helps each customer think ahead and prepare for the future.
26 Δεκ 2022 · An irrevocable life insurance trust, or ILIT, is a financial tool used to manage life insurance policies and allocate benefits when you pass away. Once established, ILITs are irrevocable,...
