Florida Bar Board Certified Wills, Trusts & Estates Attorneys Craig R. Hersch and Michael B. Hill will provide strategic guidance on how to review, repurpose, and modernize your Irrevocable Life Insurance Trust (ILIT), and what to do with that policy.

We will cover:

 Why the dramatic rise in estate tax exemptions may have changed your trust’s purpose

 Hidden risks of neglected ILITs, from policy lapse to trustee liability

 How outdated Crummey notices and poor administration can trigger IRS issues

 Options to modernize or repurpose your trust, including decanting, policy exchanges, and strategic restructuring