Insurance
Learn how insurance integrates with estate planning to protect your family's financial future. Discover strategies for life insurance in trusts and estate pr...
Can life insurance be placed in a trust?
Yes, life insurance can be owned by a trust, which may help remove the death benefit from your taxable estate. An irrevocable life insurance trust (ILIT) is commonly used for this purpose. The trust owns the policy and receives the death benefit, then distributes funds to beneficiaries according to the trust terms.
