VIDEO: Protect Your Legacy: How an Irrevocable Life Insurance Trust (ILIT) Can Secure Your Family’s Future

by Leah Woodly

In this video, we’re diving into Irrevocable Life Insurance Trusts (ILITs)—a powerful estate planning tool designed to reduce estate taxes, avoid probate, and protect your loved ones. We’ll walk through what an ILIT is, how it works, key benefits, and important things to consider before setting one up. Whether you’re planning for future generations or simply exploring estate planning options, this guide will help you better understand ILITs and how they can fit into your financial plan!

This material is intended for educational purposes only. You should always consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns. Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost. Dorval & Chorne Financial Advisors is a registered investment adviser with the SEC. Registration of an investment adviser does not imply a certain level of skill or training.