Irrevocable Life Insurance Trust (ILIT): A Creative Option For Grandparents’ Estate Planning

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Most grandparents are concerned with the happiness, health and education of their grandchildren. The grandparents want to make sure they set aside money for their grandchildren to enjoy in years to come. Frequently, a CD or other fixed income account is earmarked for the grandchildren after the passing of both grandparents. Along the way, these assets generally experience minimal growth. You only need to see the current rate of a 10-year CD or bond to [...] Read more »