Irrevocable life insurance trusts – are they still appealing?

In his article The ILIT Remixed, A Workshop With Vincent M. D’Addona, Est. Analyst (Sept. 2007), Robert L. Moshman discusses the irrevocable life insurance trusts technique. Moshman explains that:

In the early 1990s, estate-planning professionals learned a new technique and before long, irrevocable life insurance trusts utilizing survivor life policies became a mainstream approach. Has the ILIT lost some of its magic?

Even if that is so, estate planners may be reluctant to stray from the reliable ILIT. What might change that mindset and remix estate planning by keeping life insurance inside the estate?

Let us take calculator in hand and adjourn to our ILIT workshop without further adieu. Fortunately, we are accompanied by wealth strategist Vincent M. D’Addona, whose number crunching led to revelations about the ILIT’s future role in estate planning.

You can read more on this subject in Robert L. Moshman’s article Have ILITs Lost Their Magic? An Interview with Vincent M. D’Addona, Est. Analyst (Aug. 2007).