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Document Id : 7530
File Type : Microsoft Word
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USA Declaration of Life Insurance Trust
Transfer your rights in a life insurance policy to a trustee with this USA Declaration of Life Insurance Trust.
- The policy will be held in trust by the trustee, for the benefit of the trustor (the person assigning the policy).
- Upon the death of the trustor, the trustee may purchase assets from the trustor's estate.
- The Life Insurance Trust is irrevocable.
- The trustee will be paid for its services.
- The trustee will manage all investments, leases, mortgages and sale of trust property.
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