Irrevocable Insurance Trusts
An Irrevocable Insurance Trust is a legal entity which holds the life insurance you may purchase at the creation of this trust. Because the trust owns the policy, the proceeds will not be included in your taxable estate. Your beneficiaries will remain as you originally designate, and will benefit from the full amount of the policyThis trust is a legal entity which holds the life insurance that you previously owned in your own name, or you may purchase a new policy at the creation of this trust. Because the trust owns the policy, the proceeds will not be included in your taxable estate. Your beneficiaries will remain as you originally designate, and will benefit from the full amount of the policy.