Understand the essential elements of both a single life policy irrevocable life insurance trust and survivorship policy irrevocable life insurance trust in order to meet your clients' estate planning needs. This concise primer offers a step-by-step guide to irrevocable life insurance trusts and includes sample trust forms and documents you can adapt for use in your practice. The authors discuss both types of irrevocable life insurance trusts and explain the differences between them, explaining how an irrevocable life insurance trust can be integrated with other documents in the grantor's estate plan. It includes sample forms for a single life policy irrevocable life insurance trust and survivorship policy irrevocable life insurance trust along with notes to the drafter for each type of trust. In addition, the book contains an outline that can be used to give nontechnical guidance to your client, sample memorandum and cover letter to clients, and various forms regarding withdrawal rights. Accompanying CD-ROM contains the book's sample trust agreements and other forms.