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There are two sort of certified charitable lead trusts: the charitable lead annuity trust (CLAT),and the charitable lead unitrust (CLUT)

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What if we decide we don’t wish to keep the ILIT in force any longer? important.
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The making it through partner called within a QTIP gets payments from the trust based upon the income the trust is producing,just like the issuance of stock dividends.
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Simply keep in mind,however,that if you and your spouse are both covered by an insurance coverage owned by your ILIT,neither of you can serve as Trustees

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