Almost everything he said was accurate—except the part about life insurance. Yes, you can absolutely have a revocable living trust own your life insurance policy and even be the beneficiary. When filling out the insurance application, you'll notice one of the ownership options is a living trust. It doesn't complicate anything! And if you have an irrevocable trust, you can set up an ILIT (Irrevocable Life Insurance Trust), which offers the added benefit of removing the life insurance death benefit from your estate, potentially saving on estate taxes. Follow for more financial insights! #LifeInsurance #EstatePlanning #LivingTrust #FinancialPlanning #ILIT #TaxBenefits #WealthManagement #TrustFund #RevocableTrust #FinancialLiteracy