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A Trustee Designs a Template For ILIT Reviews

This standardized approach increases efficiency and reduces risk.

A group of experienced trust officers at a mid-sized trust company has assembled in a conference room. Each member of the group has responsibility for an extensive portfolio of trusts, many of which are irrevocable life insurance trusts (ILITs). The group also has responsibility for training colleagues in their department on ILITs, broadly speaking.

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TAGS: Insurance
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