As the trust is irrevocable, the grantor have to give up possession with the coverage. When the insured (grantor) dies, the trustee collects the proceeds and distributes them to your beneficiaries as instructed. The trust avoids probate, making certain the funds are transferred directly and immediately. While you’re alive, you https://shaneskzpe.blogmazing.com/36362569/the-fact-about-legal-trust-and-will-that-no-one-is-suggesting