This type of estate plan can be of great value to families who want to assist their heirs in avoiding losing the benefit of their hard work and accomplishments. It is crucial that you understand the benefits of an irrevocable life insurance trust . Our legal team can help you weigh your options and provide you with legal representation when you chose which path to follow. We will help you determine the possible taxes that could be passed on with your estate so you are able to make an informed decision.