ILIT Asset Management: The Written Investment Policy Statement

Kathryn A. Ballsun of Los Angeles, California, Patrick J.Collins of San Francisco, California, and Dieter Jurkat of San Raphael,California have published ILITAsset Management: The Written Investment Policy Statement (Part 4 of 4)in the Winter 2006 ACTEC Journal

Here is the abstract:

This article is the fourth of afour-part series on the administration of life insurance as an asset of a trust.The first part discussed the duties of trustees under different models foradministering an irrevocable life insurance trust. The second part examined theimpact of the Prudent Investor Rule on holding life insurance in a trust. Thethird part described one approach that trustees may take in evaluating the appropriatenessof insurance as an asset in a particular trust. This final part deals with howbest to develop and communicate policy management guidelines for the decisionsthat a trustee will face.