Trust Owned
Life Insurance
Possibilities
How Some Trusts and Life Insurance Work For You
Revocable Living Trust
In general, if your estate is under $13.61 million dollars (For 2025) or you own property, a living trust would be your first step in estate planing. A living trust is a legal document that allows you to transfer your assets into a trust during your lifetime. The trust is directed by a trustee of your choosing, who will distribute the assets to your beneficiaries according to your wishes after your death. A living trust can help you avoid probate and provide privacy for your estate.
Irrevocable Trust
An irrevocable trust is a type of trust that cannot be modified or terminated without the permission of the beneficiaries. Once assets are transferred into the trust, they are no longer considered part of the grantor's estate and are managed by a trustee for the benefit of the beneficiaries. This type of trust is often used for estate planning purposes to minimize taxes and protect assets.
Charity Trust
A Charity trust life insurance policy is donated by you and owned by a non-profit organization that aims to support a specific cause or group of people in need. Through the donation and additional fundraising efforts, charity trusts provide financial assistance to those who require it most.
Dynasty Trust
A Dynasty trust is a type of irrevocable trust that allows wealthy families to pass down their assets to future generations without incurring estate taxes. The trust is designed to last for multiple generations, with the assets being managed by a trustee who distributes them to beneficiaries according to the terms of the trust. This type of trust can provide significant tax benefits and asset protection for families who want to preserve their wealth for future generations.
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