The estate and generation-skipping transfer (GST) tax will reappear in 2011. For some insureds and the trustees of their irrevocable life insurance trusts (ILITs), the reinstatement of the estate and GST tax laws in 2011 should have little impact on how their ILITs are funded in 2010. But for other insureds and their ILIT trustees — particularly those in which an insured's intent is to preserve the fully GST tax-exempt status of his ILIT when the GST tax law reappears in 2011, ...

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