6 | Protection Putting life insurance into trust Life insurance can safeguard loved ones, and placing it in a trust might be wise. This legal setup has the trust owning the policy, delivering funds to chosen beneficiaries upon your demise. Placing life insurance in trust could offer tax advantages as policy values often falls outside your estate. You might opt for a trust to delay a child’s payout until they’re 18, or to name an unmarried partner as beneficiary. Creating trusts is swift, yet understanding their benefits and workings is crucial. Diverse trust types exist, each with unique traits, necessitating expert counsel. Our team is here to discuss options and guide your fitting choice.
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