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I formed an Irrevocable Life Insurance Trust several years ago. Under the UTA, am I required to provide initial and/or annual notices to the beneficiaries?

annual formed initial irrevocable Life Insurance several years ago Trust uta
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I formed an Irrevocable Life Insurance Trust several years ago. Under the UTA, am I required to provide initial and/or annual notices to the beneficiaries?

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A. No. The notice requirements are not required if the settlor is still living unless the settlor is adjudicated as an incapacitated person.

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