Create Your
Irrevocable Trust
A comprehensive, step-by-step guide to creating an Irrevocable Life Insurance Trust (ILIT) with a max-funded IUL — the foundation of the Rockefeller Waterfall Method.
Save thousands with our LegalShield strategy: draft it yourself, get it reviewed for free.
10
Step Checklist
20
Q&A Answers
$1K–$5K
Potential Savings
Why an Irrevocable Trust with a Max-Funded IUL?
This combination is the most powerful wealth transfer strategy available to most American families. Here is what it does for you.
Estate Tax Elimination
Assets in the trust are excluded from your taxable estate. Your death benefit transfers 100% tax-free.
Lawsuit & Creditor Protection
Trust assets cannot be seized by personal creditors or lawsuit judgments. Your wealth is legally shielded.
Tax-Free Growth & Access
The IUL cash value grows tax-free and can be accessed through tax-free policy loans during your lifetime.
Generational Wealth Transfer
The death benefit passes to your heirs free of income tax, estate tax, and probate. Wealth flows like a waterfall.
The LegalShield Advantage: Save $1,000 to $5,000
Most families pay $250 per hour for an attorney to create an irrevocable trust from scratch. With LegalShield membership, you draft the trust yourself using this guide, then have a licensed attorney review it at no additional cost as part of your membership. Same legal protection. A fraction of the price.
Learn About LegalShield MembershipYour 10-Step Trust Creation Checklist
Follow these steps in order. Each builds on the previous one. Click any step to expand the full details and instructions.
Important Note
This guide is for educational purposes and provides a framework for creating an irrevocable trust. Trust laws vary by state. We strongly recommend having your completed trust document reviewed by a licensed attorney (LegalShield membership makes this affordable) before execution. Insurance products should be obtained through a licensed insurance professional.
Trust Q&A Index
Everything you need to know about irrevocable trusts, IUL funding, the LegalShield strategy, and getting started. Click any question to see the answer.