How Much Does It Cost To Set Up A Life Insurance Trust? 
A life insurance trust is a legal instrument that is normally used as an estate planning tool . A funded trust owns the life insurance policy and the assets to pay -LRB- fund -RRB- the premiums . The trust is both the owner and beneficiary in most cases . When establishing any trust , including a life insurance trust , you should consult with a qualified estate attorney . Creating the trust can be anywhere from a few hundred dollars to several thousand , depending on the complexity of the estate . 