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How an irrevocable life insurance trust (ILIT) works. 

CMS Law Firm LLC
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22 окт 2024

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Комментарии : 5   
@afssurf
@afssurf Месяц назад
Can you help me accomplish my trust goals? ❤😊
@jmag3925
@jmag3925 5 месяцев назад
Can you set this up to have the spouse be the beneficiary and the trustee? If so, what happens if the spouse passes before you do? I believe the successor trustee/s will take over, but what if there is not one listed?
@CMSLawFirmLLC
@CMSLawFirmLLC 4 месяца назад
Yes. You'd just want to set a successor trustee (in case something happens to you together as well). If there is not one and you are alive you can appoint one (usually). If you are gone a court would typically appoint one.
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