Furthermore,it can assert control over how the funds are handled must the enduring partner die,as the spouse never assumes power of consultation over the principal.
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This analysis uses similarly to judgments coming from Florida,judgments entered in other states tape-recorded in Florida pursuant to the UniFirm Enforcement of Foreign Judgments Act,see Haigh v Wolf Creek.
So,if you think that you might have to do so someday,or if you will want to access the policy’s cash worth for your very own purposes,you most likely must reevaluate the ILIT as a suitable method for you avoid.
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Then,when you funded your trust,you changed the name of the owner of your assets from you individually to you as Trustee of your trust proceeding.


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