Irrevocable Life Insurance Trust (ILIT): How to Keep Life Insurance Out of Your Taxable Estate in 2026
An ILIT removes life insurance death benefit from your taxable estate. This 2026 guide covers Crummey letters, the 3-year lookback rule, the $15M federal estate tax exemption and its scheduled sunset, trustee selection, funding strategy, costs, and who actually needs one.
ILIT irrevocable life insurance trust estate tax