Since the trust is irrevocable, the grantor have to give up possession with the policy. As soon as the insured (grantor) dies, the trustee collects the proceeds and distributes them towards the beneficiaries as instructed. Trusts aren’t just for the wealthy—they’re for any person who wants to protect their assets, https://trustandestateplanning05347.like-blogs.com/37140515/legal-and-general-unit-trusts-secrets