Assertion: trust's trustee | /r/HasAspect | all incidents of ownership
Facets:
value: in the insurance policy
type: LOCATION
Source sentences:
text: Since the trustee of the insurance trust possesses all incidents of ownership in the insurance policy, the insurance trust provides the insured's estate with liquidity while shielding the insurance proceeds or assets purchased with the proceeds from estate tax when the insured dies, provided the trust has the appropriate settlor and trustee.