After your Trust is signed, you must take steps to fund it with your Trust Property.\u00a0 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.<\/p>\n
Your Trust can be the owner and\/or the beneficiary of a life insurance policy.\u00a0 It\u2019s generally not necessary to transfer ownership of the policy, simply to change the beneficiary designation.<\/p>\n
You should contact your life insurance carrier for the proper forms to change beneficiaries.<\/p>\n","protected":false},"excerpt":{"rendered":"
Learn how to fund your trust with life insurance for Muslim Americans. Islamic estate planning explained.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"banner_title":"Funding your Trust","banner_subtitle":"Life Insurance","footnotes":""},"categories":[387,386],"tags":[391,389,392,580,41,388,581,68,390,570],"class_list":["post-620","post","type-post","status-publish","format-standard","hentry","category-funding-your-trust","category-islamic-estate-planning","tag-family-waqf","tag-funding","tag-funding-your-trust","tag-insurance","tag-islamic-estate-plan","tag-islamic-trust","tag-life","tag-life-insurance","tag-trust","tag-your"],"yoast_head":"\n