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Simply keep in mind,however,that if you and your spouse are both covered by an insurance coverage owned by your ILIT,neither of you can serve as Trustees While this might look like a lot of work to accomplish such a basic objective,it is essential to conquer the anticipation and public law that spouses must be attended to by an estate of the deceased partner steveblisslaw com This type of policy pays out a death benefit only after both partners have passed away.
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