As the trust is irrevocable, the grantor will have to throw in the towel ownership from the plan. As soon as the insured (grantor) dies, the trustee collects the proceeds and distributes them to your beneficiaries as instructed. This intention is formalized in a very published document, typically known as https://insurance-trusts-estate-p38260.blogozz.com/36398876/legal-trusts-and-wills-an-overview