As provided above, it is generally not advisable to transfer (re-title in the name of the Trust) life insurance policies to Trust. By doing so, you may subject the proceeds from such policy on your death to creditor claims. Under certain circumstances, however, it may be advisable to name the Trust as a beneficiary on such policy. For example, if you have minor children and wish to ensure that on your death such children cannot have unlimited access to the death proceeds, provided your Trust is structured properly, you can name your Trust as the beneficiary on life insurance policies
Can I name my Trust as beneficiary of my life insurance?
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Attorney T. Owen Rassman holds a Juris Doctorate, Masters of Business Administration, and Masters in Tax. His education combined with his years of experience as a lawyer make him uniquely qualified to bridge the often overlapping areas of business law and trusts and estates.
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