Life Insurance Trusts

Most of your assets are probably going to be distributed through a will. You could also use a trust, a payable-on-death (POD) account or something of this nature. But most people will simply write out a will specifying how they want their assets to be distributed. As such, you may be trying to determine what ...

Some grantors create stand-alone trusts or put them into a will. Others, however, put their life insurance into a trust — aka a life insurance trust. (It’s sometimes called an irrevocable life insurance trust.) Putting your life insurance policy into a trust has many advantages. But it also comes with its risks. Let’s examine the ...