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
