Wills, Trusts and Estates by James L. MAdden, © 1927
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206 WILLS, TRUSTS AND ESTATES
has entrusted his insurance estate to a trust company
dies, the officers of the trust company carefully review
the terms of the deed of trust. The beneficiaries are
then usually asked to meet with the trust officers in
order to discuss their situation. This is of particular
importance in cases where the trust company is given
discretion over the size of the payments to be given to
the beneficiary. General market conditions are re-
viewed to determine just what type of securities in
which it will be best to invest the corpus of the trust
fund at that time. In the meantime, first payments
can be made to the beneficiaries in accordance with the
terms of the trust. When the policyholder has some
special mission which he wants accomplished with part
of his insurance estate, the trust company will be able
to carry out his desires.
In the larger trust companies we find various expert
services at the service of each estate. Taxation ques-
tions invariably have to be dealt with, and because of
the multiplicity of these taxes which are imposed upon
estates, experts are necessary so the estate may pay
just what the law intends and no more. Then there
are the real estate and investment specialists as well
as those who are familiar with what the final disposi-
tion of the policyholder should cost. These men and
others are ready to help carry out the insurance trust
and the wishes of the policyholder as set forth therein.
At the time of the decease of the policyholder, con-
ditions in his home will probably be in a confused state.
Because of the bereavement of the beneficiary, ex-
penses for funerals may be out of all proportion to
the value of the estate. Frequently the beneficiary

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