Many people purchase life insurance policies so that they can help to provide for their family members even after they're gone. While this is noble, and usually a sound financial decision, it's imperative that you think carefully about how the insurance policy funds will be handled when you're gone.
One option is to set up a life insurance trust. This has several benefits that you and your loved ones might appreciate. It's imperative that you understand what this type of trust can do, as well as a few specifics about it.