| http://www.w3.org/ns/prov#value | - The IRS nails you with a violation of the incidents of ownership rule if you create an ILIT and retain certain powers, such as the power to change the beneficiary; to surrender or cancel the policy; to assign the policy; to revoke an assignment; to pledge the policy for a loan; or to borrow against the CSV. You never want to trip over one of these costly tax mistakes.
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