Irrevocable Life Insurance Trust for Single Individual: Trust for Children (Georgia)

This legal template pertains to the establishment of an Irrevocable Life Insurance Trust (ILIT) specifically designed for a single individual residing in the state of Georgia, under the jurisdiction of United States law. The trust primarily aims to provide financial security and asset protection for the single grantor's children. An ILIT is a legal structure utilized to hold and manage life insurance policies, ensuring the proceeds are effectively distributed, protected, and safeguarded for the intended beneficiaries, in this case, the grantor's children.