Send questions to R. Eric Thomas at eric@askingeric.com or P.O. Box 22474, Philadelphia, PA 19110. Follow him on Instagram and sign up for his weekly newsletter at rericthomas.com.
Dear reader, Allow me to clarify one issue before getting to your question. You talk about setting up a “revocable” life insurance trust. Most life insurance trusts are, in fact, “irrevocable” and are ...