Peak Trust Company

• Private placement life insurance defined (PPLI)
• How it works
• How it's different from a traditional insurance policy
• Who can benefit with client examples
• The best PPLI jurisdictions
• Emerging trends and planning opportunities

This episode focuses on the fundamentals of Irrevocable Life Insurance Trusts (ILITs). We spoke with trust expert, Janet Tempel, Senior Trust Officer at Peak Trust Company to cover:

• What is an Irrevocable Life Insurance Trust?
• What are the benefits of using an ILIT? 
• How should the attorney/trustee work together to set expectations with clients about the process of setting up an ILIT?
• How do tax returns for an ILIT work?
• And much more...