Life insurance is a vital part of estate planning, providing financial security for your loved ones. However, simply naming a beneficiary may not offer the level of protection or control you desire. Establishing a trust to hold your life insurance policy can provide several key benefits, including avoiding probate, reducing estate taxes, and protecting beneficiaries from creditors.
If you’re wondering, “Can I place my life insurance in a trust in Virginia?” the answer is yes—and in many cases, it can be a strategic decision. Below, we explore how this process works and whether it aligns with your estate planning goals.
Why Place Life Insur…