Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
A life insurance trust (revocable or irrevocable) can be created through an attorney - the biggest advantages of a life insurance trust is that it can control how the proceeds are distributed and keeps the proceeds out of the insured's estate, making it a great tool for estate planning purposes.
In general, with life insurance policies and use of trusts, the trust will be the owner and beneficiary of the policy and the insured is the person who the trust is based around.
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In general, with life insurance policies and use of trusts, the trust will be the owner and beneficiary of the policy and the insured is the person who the trust is based around.