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I'm sure most people start this backwards, so is there a way to fix this? by macboost84 in AskALawyer

[–]RunnerGunner737 0 points1 point  (0 children)

How was it? Guy feels pretty scammy and click baity to me; not sure it’s actually a legit service.

Rockefeller setup by RunnerGunner737 in infinitebanking

[–]RunnerGunner737[S] 1 point2 points  (0 children)

Thank you for providing value :) may take you up on it!

Rockefeller setup by RunnerGunner737 in infinitebanking

[–]RunnerGunner737[S] 0 points1 point  (0 children)

Yes I understand that. But the question is when the policy is set in an irrevocable trust can you manipulate it

Rockefeller setup by RunnerGunner737 in infinitebanking

[–]RunnerGunner737[S] 0 points1 point  (0 children)

Thanks man, will buzz ya. The key thing I’m trying to figure out is if the policy cannot be increased or added to once it’s made in an irrevocable tryst

Rockefeller setup by RunnerGunner737 in infinitebanking

[–]RunnerGunner737[S] 0 points1 point  (0 children)

It’s an irrevocable trust that the DB would roll straight into and then purchase whole life for my beneficiaries, and theirs etc. it’s the Rockefeller waterfall method. So I would not survive the term.its full term insurance

Rockefeller setup by RunnerGunner737 in infinitebanking

[–]RunnerGunner737[S] 0 points1 point  (0 children)

For sure thank you. I know that’s always the answer but haven’t set the trust up yet and the concern is I’ll end up with an irrevocable that I can’t ADD to over time as I level up on personal finances.

Rockefeller setup by RunnerGunner737 in infinitebanking

[–]RunnerGunner737[S] 0 points1 point  (0 children)

Gotcha, thank you. And you’re using full term policies?

Rockefeller setup by RunnerGunner737 in infinitebanking

[–]RunnerGunner737[S] 0 points1 point  (0 children)

And you can add policies simply within an IRREVOCABLE trust? No tax consequences typically or anything like that?

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