I formed an Irrevocable Life Insurance Trust several years ago. Under the UTA, am I required to provide initial and/or annual notices to the beneficiaries? - Fineman, Krekstein, & Harris
I formed an Irrevocable Life Insurance Trust several years ago. Under the UTA, am I required to provide initial and/or annual notices to the beneficiaries?
No. The notice requirements are not required if the settlor is still living unless the settlor is adjudicated as an incapacitated person.