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ILITs and the Annual Exclusion
ILITs and the Unified Credit
IRC Section 2035
2 other sections not shown
$10,000 annual exclusion amount apply Attorneys cash value child clients corporate split-dollar Cristofani Crummey power death beneficiaries death proceeds decedent demand beneficiaries demand right beneficiary employer identification estate planning family member Family trust federal estate tax gift back gift tax grandchildren GST exemption hanging power ILIT income ILIT trustees ILIT's incidents of ownership included inclusion ratio income tax insurance policy insurance premiums insurance proceeds insurance trust insured's estate Internal Revenue Code Internal Revenue Service IRC Section 2035 irrevocable life insurance irrevocable trust joint ILIT lapse lapsed power Letter Ruling lifetime beneficiaries owner percent power of appointment premium payer premium payments present interest present-interest exclusion qualify revenue ruling revocable living trust right to withdraw separate trust skip persons split-dollar arrangement split-dollar life insurance surviving spouse Tax Court tax purposes tax return tax-free taxable income technique Ted Harper tion transfer trust instrument trustmaker trustmaker's spouse wife withdrawal power