Part Of Build Back Better Could Be Disaster For Trust Owned Life Insurance

Take the case of an ILIT that is meant to take care of a special needs child after the parents are gone.  It is funded by a second to die life insurance policy.  If the second to die parent is leaving a nice house and some left over retirement funds, they might be close to or slightly whatever is then the federal threshold.   Pulling in a big piece of the special needs trust would be nasty