Memorandum to Client: Funding Irrevocable Life Insurance Trust (Married Individual with Trust for Spouse and Children) | Practical Law

Memorandum to Client: Funding Irrevocable Life Insurance Trust (Married Individual with Trust for Spouse and Children) | Practical Law

A memorandum that can be used to advise settlors and trustees on how to fund and administer an irrevocable life insurance trust (ILIT) created by a married individual for the benefit of that individual's spouse and children. This Standard Document can be customized for use in any US jurisdiction and has integrated notes with important explanations and drafting tips.

Memorandum to Client: Funding Irrevocable Life Insurance Trust (Married Individual with Trust for Spouse and Children)

by Practical Law Trusts & Estates
MaintainedUSA (National/Federal)
A memorandum that can be used to advise settlors and trustees on how to fund and administer an irrevocable life insurance trust (ILIT) created by a married individual for the benefit of that individual's spouse and children. This Standard Document can be customized for use in any US jurisdiction and has integrated notes with important explanations and drafting tips.