Because the trust is irrevocable, the grantor will have to give up possession from the policy. As soon as the insured (grantor) dies, the trustee collects the proceeds and distributes them to your beneficiaries as instructed. A trust can override a will in certain scenarios. For instance, in the event https://trustedlegalplans16036.anchor-blog.com/17751633/the-smart-trick-of-a-question-of-trust-qa-that-no-one-is-discussing