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Podcast: The Money Advantage Podcast
Episode: The Pros and Cons of an ILIT: Is It the Right Move for Your Legacy?
Description: What do the St. Louis Rams and Prince have in common? Their stories illustrate the pros and cons of ILIT insurance - or, more accurately, what happens when estate planning tools like an ILIT aren’t used at all.
https://www.youtube.com/live/ni7KgQ_ZTLI
They both became cautionary tales of what happens when estate planning falls short.
When Georgia Frontiere passed away, her heirs were forced to sell the Rams to cover estate taxes. Prince’s estate? Still tied up in probate years after his death.
These aren’t stories of neglect or ignorance. These are stories of hig...