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Asset Protection Law Journal

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Irrevocable Life Insurance Trust

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Irrevocable Life Insurance Trusts Provide Excellent Asset Protection

By Ken Laino on June 15, 2009
Posted in Irrevocable Life Insurance Trusts

Irrevocable life insurance trusts (ILITs) can be a great estate planning tool under the right circumstances. ILITs have the added benefit of providing significant asset protection. 

Life insurance owned by an ILIT is not generally part of the insured’s estate (for both federal and Ohio estate tax purposes).  An ILIT will be most effective if it…

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Kenneth J. Laino <br> <em>of</em> Schneider Smeltz Spieth Bell LLP
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Kenneth J. Laino and J. Paul Fidler are partners and Kyle T. Mordew is an associate in the law firm of Schneider Smeltz Spieth Bell LLP. The firm offers thoughtful, practical solutions to the complex problems facing its clients. Established in 1895,Schneider Smeltz Spieth Bell LLP is one of Cleveland’s oldest law firms. While its base is in Cleveland, the firm represents clients throughout the United States and the world.

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