ATTORNEYS

Drafting an ILIT can bring many long term benefits to your firm

As an attorney, drafting Irrevocable Life Insurance trusts (ILITs) is common practice. But the responsibilities that go along with being a Trustee of a trust are enormous. Today’s life insurance policies can be complex, subject to financial market performance and require specialized knowledge and skills for proper management. ITM provides a service and solution for you to use or recommend to your clients and give you:

  • Assurance the trust is being monitored so that it can perform as intended
  • Ability to develop strong relationships with the grantor, trustee and the beneficiaries
  • Annual policy information to help advise your clients with any issues that may arise.
  • Protection from liability resulting from trust and/or asset failure