How Much Does An Irrevocable Life Insurance Trust Cost? 
To find out the cost of an Irrevocable Life Insurance Trust you would need to ask your attorney . It is not wise to set up an Irrevocable Life Insurance Trust with a software kit ; only an attorney with expertise in tax planning should set up this type of Trust . Once it is done , it can not be changed directly by the Insured , and the Trust is the Owner and Beneficiary of your policy or policies . That being said , if it is set up correctly and the Trustee is someone you trust -LRB- pardon the pun -RRB- , an Irrevocable Life Insurance Trust can save you a large amount of estate taxes and allow you to transfer your estate in an orderly way . 