Question: When would it be advisable for an individual to consider an Irrevocable Life Insurance Trust ( ILIT ) ? Group of answer choices When an

When would it be advisable for an individual to consider an Irrevocable Life Insurance Trust (ILIT)?
Group of answer choices
When an individual wants the life insurance death benefit to go to a charity
ILIT are the best vehicle for holding term life insurance
The individual has a small estate and wants to add liquidity with life insurance
When an individual has a taxable estate and wants the life insurance proceeds to be outside of the individual's estate

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