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The one thing you can not do,however,is move a policy owned by an ILIT into your very own names Check your regional not-for-profit companies to see exactly what is available in your location The Law Firm of Steven F.Bliss Esq.It has 2 different functions,depending upon the financial scenario of the individual involved.
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Banks require estates to have an EIN in order to open a bank account in the estate’s name.
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