Dealing with Non-Responsive Grantors

Dealing with Non-Responsive Grantors

Michael Brohawn, CFP, CLU, Chief Marketing Officer, ITM TwentyFirst
Jason Hassman,
ITM TwentyFirst

Often many Trust Owned Life Insurance (TOLI) trustees struggle with the issues surrounding policies held in trust where the grantor is now non-responsive. Typically, this occurs when a life changing event like a divorce occurs or when the grantor has significant financial setback or even mental issues. Even if the grantor is not responsive the trustee has the responsibility to manage the trust asset for maximum benefit of the beneficiaries. Dealing with these situations and maximizing beneficiary value while mitigating liability was the focus of this seminar.

Download Handbook Here: Handout Dealing with Non-Responsive Grantors in an ILIT

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