Insurance trusts control timing, use of funds upon death

An insurance trust is a good mechanism for controlling the use and timing of life insurance proceeds following the death of the insured, Toronto wills and estates lawyer Lisa Laredo tells AdvocateDaily.com.

Establishing an insurance trust in your will directs life insurance proceeds to be paid to a trustee who then receives and administers the funds to a beneficiary, particularly if they are under the age of majority.

Full article can be found at http://www.advocatedaily.com/lisa-laredo-insurance-trusts-control-timing-use-of-funds-upon-death.html