Paying the Premiums Although though the ILIT owns the policy, the grantor can still (and typically must) pay the premiums. The grantor can annual make
{"Image DocumentName": "DePaul University All rights reserved.", "Image ImageDescription": "Paying the Premiums. Although though the ILIT owns the policy, the grantor can still (and typically must) pay the premiums. The grantor can annual make gifts of cash to the trust, and the trustee can use this money to pay policy premiums. Even with Crummey powers, gifts in excess of  13,000/beneficiary power holder are taxable gifts. DePaul University All rights reserved.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}