The Irrevocable Life Insurance Trust: Forms with Drafting Notes, Third Edition
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The Irrevocable Life Insurance Trust: Forms with Drafting Notes, Third Edition

Now Includes Forms on CD-ROM
The Irrevocable Life Insurance Trust: Forms with Drafting Notes, Third Edition
Product Code: 5430561
Authors: Lawrence Brody, Donald O. Jansen
Publication Date: April 2011
ISBN: 978-1-61632-897-9
Page Count: 198
Trim Size: 8½ x 11 Paperback
Sponsoring Entities: Section of Real Property, Trust and Estate Law
Topics: Estate Planning, Insurance Law, Taxation
Format: Book - 5430561
Pricing: $139.95 (Regular)
$119.95 (Section of Real Property, Trust and Estate Law) ABA Members, Log in now to receive this discount!
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About The Irrevocable Life Insurance Trust

An integral part of every estate planner's practice is giving advice and making recommendations about life insurance. This best-selling volume in the popular Insurance Counselor series guides you through one of the most fundamental aspects of sophisticated estate planning--drafting and setting up an Irrevocable Life Insurance Trust. Now completely updated, this user-friendly primer offers a comprehensive overview of the types of insurance trusts you can draft for your clients, and includes examples of the necessary forms and a memorandum you can use in your daily practice.

Clear and concise, The Irrevocable Life Insurance Trust will help you protect your clients' estate and assets from taxation. It differentiates between the two types of trusts you may use, identifying the best one that will work for your client. The book contains these sample forms, both in the text and on an accompanying CD-ROM:
  • Single Life Policy Trust: Intended to primarily benefit the insured's spouse and children
  • Survivorship Policy Trust: Meant to serve as a long term, generation-skipping "dynasty" trust for the benefit of children and future descendants
Accompanying each of the two sample forms are:
  • Notes to Drafter Section: Alerts you to special problems associated with planning and drafting
  • Clear Outline: Written in layperson's language, this is designed to provide nontechnical guidance to your client regarding the provisions of each sample form
Finally, this primer contains both a sample memoradum to a client who has created an Irrevocable Life Insurance Trust, outlining the procedures which need to be followed by the insured/grantor and by the trustee in order to comply with the requirements of the agreement and federal tax law, and a sample transmittal letter to accompany the memorandum.

More Information

Table of Contents PDF
Introduction PDF


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