As the trust is irrevocable, the grantor ought to hand over possession with the plan. After the insured (grantor) dies, the trustee collects the proceeds and distributes them on the beneficiaries as instructed. This intention is formalized inside a composed document, normally known as a Trust Agreement or possibly a https://legalservicesplantrust38271.thezenweb.com/how-much-you-need-to-expect-you-ll-pay-for-a-good-what-is-a-b-trust-75589749