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Alternative Initial Provisions for Insurance Trust (Irrevocable)
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Sample alternative initial provisions for an insurance trust (irrevocable)
Estates & Trusts
Stocker and Rikoon on Drawing Wills and Trusts (13th Edition)
PLI Item #:
"Alternative Initial Provisions for Insurance Trust (Irrevocable)"
"desires to establish a trust of certain policies of insurance on his life and of the proceeds of them"
"Donor assigns to the Trustee the insurance policies"
"covenant and agree to cause to be made payable to the Trustee the insurance policies"
vest immediately and irrevocably in the Trustee
all title to and all incidents of ownership in the policies
appropriate dispositive and administrative provisions
During the lifetime of Donor
Agreement and the trusts created under it shall be irrevocable and not subject to modification or amendment
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