If you own life insurance, congratulations. Sadly, most of us put off this critical element in our family’s financial planning, which may have devastating consequences on the loved ones left behind. In this free report, you'll learn the secrets of using an Irrevocable Life Insurance Trust to maximize your benefits and protect your loved ones. Click Here to view the report. … [Read more...] about Free Report! Get the Most Out of Your Life Insurance
Inheritance PlanningEstate Planning
Postmortem planning is the process of considering what will be taking place after you pass away. Stating your wishes in writing is part of the equation, but the plan must spring into action. … [Read more...] about Inform Executor of Life Insurance Policies
Life insurance is a rudimentary component within many estate plans, and it is the most widely utilized income replacement vehicles that we have. But, in addition to the simple utilization of life insurance as a way to provide your family with a safety net in the event of your sudden death, it is often utilized in more complex estate plans for a number of legitimate reasons. … [Read more...] about Life Insurance: Consider Tax Consequences
Selecting the right type of life insurance can be a daunting task because there are so many different policies available to consumers. The most appropriate type of life insurance policy for individuals will depend greatly upon their ages and family status. One common misconception dating back to the days when women typically were not in the workforce as they are today is that women do not need life insurance. Working women of all ages should carry life insurance to protect their families or as … [Read more...] about Life Insurance Basics
Probate is a legal process that allows the court to ensure all your assets are distributed to the appropriate heirs. This can be in accordance with the terms of your Will or, if there is no Will, in accordance with the state’s intestacy laws. But there are some assets, like life insurance, that don’t require probate to be distributed to your heirs. This is because your beneficiary is designated in the policy document itself so it doesn’t need a court to decide how to distribute the … [Read more...] about Is Life Insurance Part of the Probate Process?