Irrevocable Life Insurance Trust (ILIT): What Can This Estate Planning Tool Do for You? | Holland Capital Management LLC

Irrevocable Life Insurance Trusts (ILIT) have been in use for decades as a strategy to lower estate taxes. However, since the Tax Cuts and Jobs Act of 2017 doubled the estate tax exemption (currently $12.92 million per person), these tools have fallen out of favor since fewer people expect to exceed these larger limits.


from Blog | Holland Capital Management LLC https://www.hollandcapitalgroup.com/blog-01/irrevocable-life-insurance-trust-ilit-what-can-estate-planning-tool-do-you
via Holland Capital Management, LLC

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