Can a spouse be trustee of an irrevocable life insurance trust?

Can a spouse be trustee of an irrevocable life insurance trust?

You (and often your spouse) cannot serve as trustee of the ILIT. The trustee can be almost anyone else, such as a parent, a sibling, an adult child, or even a bank. You cannot be a beneficiary of the trust, but your spouse and children can be (and usually are) beneficiaries.