The Disadvantages of a Revocable Life Insurance Trust?

Answer If you have a revocable trust, it means that you still control the assets, can make changes and even remove some of the assets from the trust for your personal use. In the case of life insurance, y... Read More »

Top Q&A For: The Disadvantages of a Revocable Life Insurance...

Tax Consequences of a Revocable Life Insurance Trust?

A revocable trust, whether life insurance or otherwise, is one that you control while you're alive. You can change the assets in the trust, too. If you put a life insurance policy inside the trust ... Read More »

Can a revocable trust to be transferred to your spouse's revocable trust after your death?

Yes, you may name your spouse's revocable trust as the beneficiary of your revocable trust in your declaration of trust document. Another option would be to establish a joint trust, which may be st... Read More »

Rules for a Revocable Insurance Trust?

Life insurance policies can be placed in revocable trusts (also called living trusts) to protect the policyholder's intent after death by having an administrator carry out the plans of the policyho... Read More »

What is a life insurance trust?

Anyone can set up a life insurance trust when owning a life insurance policy. This allows the insured to transfer ownership of the policy upon his death. This is often done to avoid estate tax.Sour... Read More »