As the trust is irrevocable, the grantor must give up ownership with the plan. After the insured (grantor) dies, the trustee collects the proceeds and distributes them towards the beneficiaries as instructed. A living trust allows your loved ones to steer clear of the possible inconvenience of probate court docket. https://trustedlegalplans53651.thezenweb.com/rumored-buzz-on-l-g-protection-trust-forms-75628911