This is a four part series on the administration of life insurance as an asset of trust. It was published in “The American College of Trust and Estate Journal.” ACTEC [1]
Article 1) Trustee Administration of Life Insurance;
Article 2) Standards of Prudence and Management of the Insurance Portfolio;
Artile 3) Evidencing Care, Skill and Caution in The Management of ILITs; and
Article 4) ILIT Asset Management: The Written Investment Policy Statement.
This is a four part series on the administration of life insurance as an asset of trust. The first part discusses the duties of trustees under different models for administering an irrevocable life insurance trust. The second part examines the impact of the Prudent Investor Rule on holding life insurance in a trust. The third part describes one approach that trustees may take in evaluating the appropriateness on insurance as an asset in a particular trust. The final part deals with decisions faced by trustees when life insurance is held in a trust.
| Attachment | Size |
|---|---|
| ACTEC Journal ILITarticle part 1.pdf [2] | 121.11 KB |
| ACTEC Journal ILITarticle part 2.pdf [3] | 173.01 KB |
| ACTEC Journal ILITarticle part 3.pdf [4] | 472.7 KB |
| ACTEC Journal ILITarticle part 4.pdf [5] | 181.32 KB |