Life insurance is an asset that can be used to fund a trust to support a surviving spouse and yet may not be included in the decedent's gross estate.

Question

Quizplus · Accepted Answer

Life insurance proceeds are generally not included in the decedent's gross estate, unless the policy was owned by the decedent or paid to the estate. By placing the life insurance policy into a trust, it can be used to provide support for a spouse without being subject to estate taxes.

Life Insurance Is an Asset That Can Be Used to Fund