Life Insurance Trusts

These special purpose trusts involve the use of life insurance as a wealth replacement or wealth enhancement tool in the event of your untimely death. The trust agreement itself must be carefully written to comply with tax and legal requirements, as well as with the grantor’s wishes.

 

As Trustee or Successor Trustee, our primary services would be to:

• Arrange for payment of insurance premiums
• Assist in changing the beneficiary on insurance policies and obtaining confirmation of the change
• Provide any required periodic notification to beneficiaries
• Upon the death of the insured, distribute proceeds in accordance with provisions of the trust agreement
  
  

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