Thursday, November 20, 2008

Irrevocable Insurance Trusts -- YOU CAN'T AMEND THEM!

In Part 4 of my series on irrevocable insurance trusts (ILITs), I wrote that one of the biggest ILIT-related mistakes I see is "the failure of the grantor to understand that 'irrevocable' means 'can't amend or revoke.

www.deathandtaxesblog.com/2007/03/irrevocable_insurance_trusts_y_1.html