| There is a difference between a revocable trust and an insurance irrevocable trust. One of the reasons you may want to have an irrevocable insurance trust is if your estate is worth more than a million dollars and you are doing estate tax planning for a specific purpose. There are great limitations with irrevocable life insurance trusts, for example, most family members cannot serve as a trustee, therefore this is something no one should set up without getting good legal advice. The Must Have Documents program does not offer the option for creating a irrevocable trust. |