Funding your Trust: Life Insurance

After your Trust is signed, you must take steps to fund it with your Trust Property.  If you do not fund the Trust with your Trust Property, the Trust may not be effective, and your estate may have to go through probate upon your death.

Your Trust can be the owner and/or the beneficiary of a life insurance policy.  It’s generally not necessary to transfer ownership of the policy, simply to change the beneficiary designation.

You should contact your life insurance carrier for the proper forms to change beneficiaries.