The Importance of Life Insurance in Estate Planning from Brad Anderson An estate plan can include any number of tools for managing and protecting your assets, including life insurance policies. In fact, the importance of life insurance in estate planning should never be overlooked. Learn more about the importance of life insurance in estate planning in this presentation. … [Read more...] about The Importance of Life Insurance in Estate Planning
Creating a comprehensive estate plan is one of the most important things you can do to protect the future of your loved ones. An appropriate plan allows you to remain in control of your finances, including how they are distributed, while sparing your loved ones from the frustration and expense of managing your affairs after your death. An estate plan can include any number of tools for managing and protecting your assets, including life insurance policies. In fact, the importance of life … [Read more...] about Free Report: Importance of Life Insurance in Nevada Estate Planning
The role of Life insurance is extremely important when considering your estate plan. We would like to highlight three commonly asked questions about the tax implications, and provide the answers to them here. I have been made aware of the fact that I am the beneficiary of a life insurance policy, and I'm concerned about the tax implications. Will I be required to report the receipt of the proceeds when I file my income tax return? This is a frequently asked question, and the answer is … [Read more...] about Life Insurance: Answers to Tax Questions
Each estate plan is as individual as the person who creates the plan. Having said that, one of the most common components to an estate plan is life insurance. Whether or not you should include life insurance as part of your estate plan will depend on a number of factors; however, there are some things you should take into account when making the decision. Your age and health. Life insurance is less expensive to purchase when you are younger and healthy, meaning you should be able to lock in the … [Read more...] about Should I Include Life Insurance In My Estate Plan?
The voice behind the famous song I Will Always Love You, was found dead of unknown causes in the bathtub of her hotel room just hours before the Grammy Awards. The untimely death of the 48-year old singer/actress comes after a decade of personal troubles including drug and alcohol addiction as well as the end of her highly publicized relationship with Bobby Brown. Just hours after her death, sales of anything “Whitney Houston” started to soar. The ultimate value of her estate has yet to be … [Read more...] about Whitney Houston’s Estate Value Soaring After Death
Life insurance is a very important and useful element that is included in most estate plans. The most common use for life insurance is as an income replacement vehicle, and it is vital for people who have family members relying on their income. Even if you are relatively young, there are no guarantees and the well-being of your family is at risk if you do not have adequate coverage. In addition to its value as an income replacement vehicle, life insurance is used in estate planning for other … [Read more...] about Balancing Inheritances With Life Insurance
The details of our lives are constantly evolving. So in a very real sense estate planning is an ongoing process rather than a single event. A plan that makes sense for you today may not be appropriate five, ten, or twenty years from now. There are many strategies that can be utilized in a well drafted estate plan depending on the specifics of your situation. When you prepare an estate plan you should do so recognizing that you should revisit it over time. Life insurance is one such tool in an … [Read more...] about The Importance Of Life Insurance