The Marital GST ILIT is a Co-Grantor Irrevocable Life Insurance Trust (ILIT) designed for a married couple. It provides all of the basic features and benefits as described in the Married Person GST ILIT (Product #09) except that this trust must be established by both husband and wife.

It can hold a last-to-die policy and offers the different distribution structures of all previously described trusts. It also features the same type of GST planning of a Co-Grantor GST RLT trust as described in the Marital GST Trust (Product #06) with the added feature of exempt and non-exempt trust funds normally utilized in an Irrevocable GST Trust. It is a very complex trust format and is recommended only for large estates and large insurance policies wherein the grantors wish to allocate their estate ultimately to their grandchildren.