Who Can Be Trustee Of A Life Insurance Trust?

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   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   There are several options for the grantor in the selection of a trustee for an irrevocable life insurance trust: mature and responsible members of the family, fiduciaries of the family and a bank trust officer. Some grantors have also given power of attorney on the personal finances as trustee as well.

   Answered on July 30, 2013

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