Since the trust is irrevocable, the grantor must stop trying ownership from the policy. When the insured (grantor) dies, the trustee collects the proceeds and distributes them towards the beneficiaries as instructed. By way of example, a revocable spendthrift trust could be put in place so that your heirs will https://trustplanningnearmelawyer39977.blogdun.com/38111385/not-known-details-about-estate-and-trust-planning-lawyer