Estate planning at Equitable

Yes. Variable universal life, indexed universal life and term policies are all administered under Equitable's "Traditional, Term and Variable Life Series," and ownership is transferred with the Life Insurance Ownership Change form (portal.equitable.com/appentry/EDoxRedirect?node_id=A2023032300008). Section 4(b), "New Owner(s) is a Trust," asks for the trust type (revocable or irrevocable), the trust name, trust date and trust SSN/TIN, the state where the trust was established, and the trustee's name, date of birth, SSN, residential address and government-issued ID. A W-9 for the trust must accompany the form — the form warns that without it, FATCA requires 30% withholding on later taxable disbursements to an entity owner. Return it to Life Operations, PO Box 1047, Charlotte, NC 28201-1047, or fax (855) 268-6378. Note that a transfer of an existing policy to an ILIT starts the three-year lookback under IRC 2035; ask your estate attorney before transferring rather than buying inside the trust.