Should I place my life insurance in an ILIT?

pros and cons of using an ILIT as an estate planning vehicle with life insurance
startup costs / ongoing maintenance, trustee selection, crummey letters
if you drop or outlive term policy, doesn't provide any benefit
transferring existing policy with cash value may require gift tax return
do you need easy access to cash value?
will premiums to an ILIT impact other gifting plans
do you live in a state with a state estate tax?
follow up checklist if you do make the transfer - were owner and beneficiary changed properly?
do your trustees know their responsibilities?