Contact Walk-In Wills today for help with will and trust creation, probate, long-term care planning, and other essential estate planning needs.

A Guide to Life Insurance Trusts Gilbert, AZ

Life insurance safeguards families against financial instability after a loved one dies. The proceeds from these policies can be used to cover medical bills, burial costs, college tuition, and daily living expenses for surviving family members. Because the stakes are so high, many people establish extra protection for their life insurance policies.

If you want to rest assured that your family will have the financial resources they need after you’re gone, contact our attorneys at Walk-In Wills today. We can walk you through the process of life insurance trust creation using our extensive legal experience.

Understanding Life Insurance Trusts

A type of irrevocable trust, life insurance trusts contain one asset: a person’s life insurance policy. In this case, the trust becomes the owner of the life insurance policy, which can offer several key benefits:

  • Greater control over how the funds from the life insurance policy are used
  • Protection against possible financial issues related to estate taxes
  • Assurance that loved ones will receive the asset after you’re gone

It’s possible to name a beneficiary on life insurance policies, which means that the person will receive the proceeds from the policy according to your wishes. However, a life insurance trust offers additional protections that aren’t available when naming a beneficiary on the policy itself.

How to Create a Life Insurance Trust

If you live in Gilbert, Apache Junction, or Phoenix, AZ and have questions about trust creation, we encourage you to reach out to Walk-In Wills today. Clients who work with our firm will benefit from the following:

  • We have more than two decades of experience, which means we can handle complex issues
  • Our legal services rival the quality of higher-end law firms
  • We provide our services in a relaxed and soothing environment
  • We strive to make our services affordable for all clients

If you’d like to learn more about trust creation, please call (480) 470-7000 to schedule a free consultation. You can also contact our firm for more information before getting started.

Schedule a free consultation at our office today by calling (480) 470-7000. You can also contact us to learn more about our firm and what we can do for you.