If you were given several bequests from your godfather who passed away (home and life insurance proceeds) and you prefer that the proceeds from the life insurance policty be placed in the trust with the apartment that you received, then you can request the trustee that the monies received from the policy be an asset of the trust when received.All you need to do is sign documentation to that effect and when you receive the check, have it paid over to the resulting trust for you. That way you do not have to worry about managing the money. You can simply let the trustee do it for you. You then receive from the trust what monies you need on a monthly basis.