How do I set up a trust for life insurance and real estate? | NC

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Q: How do I set up a trust to receive my life insurance payout and hold my home and land? A: You can do that with one trust — but the trust has to be properly created and properly funded. First, the trust document should name the trustee, the beneficiaries, and the rules for managing and distributing the property. Then you have to move the assets into the trust. For life insurance, that usually…