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If you or your partner are an insured of a life insurance coverage policy that is owned by an ILIT,and you also function as the Trustee of the ILIT,then the IRS may choose that the policy hasn’t left your estate after all steveblisslaw com Probate Lawyer And this time it’s not to determine who gets a piece of real estate or artwork,it’s who will raise your children.
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The title document must clearly indicate that ownership is held as joint tenants with rights of survivorship,as tenants by the entireties,or as community property

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