Life Insurance Trust at Life

Life Insurance Trust. An insurance trust is an irrevocable trust set up with a life insurance policy as the asset, allowing the grantor of the policy to exempt assets away from his or her taxable estate. Writing life insurance in trust is one of the best ways to protect your family’s future in the event of your death.

Typically, the spouse or an adult child is the. With insurance trusts, both the owner and beneficiary of the insurance policy is the actual trust itself. Large estates may be able to legally reduce tax liabilities with an ilit.

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What is a life insurance trust? Anything less, you can omit the trust instrument and just get the insurance. Life insurance trust as the owner? Insurance trusts can be really beneficial on a number of fronts, especially when it comes to protecting an estate and its beneficiaries.