News & Insights

White Paper: Non-professional Trustees: ILIT Responsibilities

Mar 13, 2019 9:44:20 PM

Even though most non-professional trustees are designated based on their personal relationships rather than life insurance experience, they are still legally held to the same standards as fiduciaries. Without industry knowledge and experience, some non-professional trustees may not fully understand the scope of their responsibilities and the potential for liability exposure that they face if they are not establishing a process for ILIT management. To learn more about these responsibilities, check out our latest white paper below. 

Written by Admin

Post a Comment