Who Should Be Trustee Of Irrevocable Life Insurance Trust? 
Anyone who is not the insured , the insured 's spouse , or beneficiary to the trust . This would be a close friend or family member if the insured feels that this close friend or family member can be trusted . Alternatively , the insured could use professional trustee services found at any Trust company . Additionally , many attorneys will act as trustee for trusts that are drafted . Most of the time , there is a fee paid to the trustee in these last two examples for the services rendered . 