This is an official Washington form for use in land transactions, a Deed of Trust [Long Form] (with individual acknowledgment).
Trust Form For Life Insurance
Category:
State:
Washington
Control #:
WA-1063-08
Format:
Word;
PDF;
Rich Text
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This essential estate planning resource provides 16 forms for drafting irrevocable life insurance trusts, fully editable to fit your clients' individual needs. Use this form, along with a Beneficiary Change Form, when naming a trust as the beneficiary for an active contract.A life insurance trust is created when an individual transfers the ownership of their term or whole life insurance policy to a trust. Fill out the form to access a sample of Practical Guidance. This best-selling volume in the Insurance Counselor series guides you through one of the most fundamental aspects of sophisticated estate planning - drafting and setting up an Irrevocable Life Insurance Trust. A revocable living trust is a trust that is created and funded during your lifetime that you retain the power to amend or revoke. Use this form for Life and Annuity policies (new business and inforce changes). The easiest way to write up your trust fund document is to utilize a lawyer. These are the basic steps to funding a trust with life insurance. Work with an experienced attorney to make sure your trust is set up and funded correctly.