Step 1 of 5

Tell us about your trust

We use this to tailor state-specific ILIT guidance. All data stays in your session — nothing is sold or shared.

Your state * Your ILIT will be governed by this state's laws.

Trust name * Typically "[Your Name] Irrevocable Life Insurance Trust"

Your name (Grantor) *

Your address

Trustee name * Cannot be you — must be an independent person or institution.

Trustee relationship

Successor trustee Takes over if primary trustee cannot serve.

Trust purpose *

Step 2 of 5

Add beneficiaries

Who will benefit from this trust? Add primary and contingent beneficiaries. Percentages should total 100% for primary beneficiaries.

ILIT tip: Beneficiaries of an ILIT receive "Crummey notices" each year — a legal requirement for the trust's gift tax exclusion. We'll explain exactly how to handle this in your guidance.

Beneficiaries

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Step 3 of 5

Property to transfer

List any property you intend to transfer into the trust. This can include real estate, investment accounts, business interests, or personal property.

Note: For an ILIT, the primary asset is life insurance. Property listed here is supplementary. Your guidance will include the order of transfers recommended for your state.

Properties

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Step 4 of 5

Life insurance policies

This is the core of your ILIT. Add the life insurance policies you'll transfer into the trust. Their cash value and borrowing limits determine your trust's borrowing power.

Borrowing power explained: Once policies are held in the ILIT, you can borrow against their cash value — tax-free — to fund expenses, investments, or emergencies. The trust is the owner and beneficiary; you are the grantor.

Life insurance policies

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Step 5 of 5

Your ILIT roadmap

State-specific guidance for what to do before and after your trust is signed. Generated from your inputs.