ILITs and You

If your estate exceeds Massachusetts' $2 million threshold—or includes illiquid assets like real estate or a family business—your loved ones could face significant estate tax burdens. This article explores how an Irrevocable Life Insurance Trust (ILIT) can reduce estate taxes and provide essential liquidity, helping preserve your legacy for future generations. Learn the benefits, key considerations, and why ILITs are a powerful addition to sophisticated estate plans.