Tips on How To Add Term Life Insurance Policy To Revocable Trust?

[CASHAPP]

Anybody on here is familiar with how to do this? The trust is for a minor, I want to give her a payment in increments. Possibly at 18, 21 and then 25. By the way if you can give tips on that too it would be great. But when creating this how would i note that I want her as a beneficiary of my life insurance policy if something happens in addition to her getting the payment increments that comes from the life insurance.

Yeah i know some of you will say its smart to do it through a lawyer. I just wanna hear the experience of some of you guys

@harmander
@Piff Perkins
@Truefan31
@patscorpio
@The Black Panther
@IsThatBrothaMouzone?

 

[IsThatBrothaMouzone?]

Anybody on here is familiar with how to do this? The trust is for a minor, I want to give her a payment in increments. Possibly at 18, 21 and then 25. By the way if you can give tips on that too it would be great. But when creating this how would i note that I want her as a beneficiary of my life insurance policy if something happens in addition to her getting the payment increments that comes from the life insurance.

Yeah i know some of you will say its smart to do it through a lawyer. I just wanna hear the experience of some of you guys

@harmander
@Piff Perkins
@Truefan31
@patscorpio
@The Black Panther
@IsThatBrothaMouzone?

Hmmm not 100%. Lawyers on here might know but also find an accountant because of any possible tax implications.

 

[Swirv]

The trust would be the beneficiary of the life insurance policy. You can structure the payments to the beneficiary of the trust proceeds however you want.