There are numerous ways to use life insurance to help pay for estate planning but the use of an Irrevocable Life Insurance Trust (ILIT) is a place to start. This article reviews what that Irrevocable Life Insurance Trust is, what it does and when one should use one.  This obviously … Continue reading Life Insurance for Estate Planning

READ MORE

life insurance minor beneficiaries

Because we write a lot of life insurance for families with young children, this question comes up frequently.  As you have purchased life insurance to protect your family’s financial future, it is important to ensure that your minor children are properly covered financially in the event of your death. If … Continue reading What if My Beneficiaries are Minors?

READ MORE

spending your kids inheritance

One hundred years ago, the life expectancy for men was 50.3 and for women 55, according to Berkeley.edu. Today, it is 73.8 and 79.6, respectively—and the baby boomer generation (people born between 1946 and 1964) is expected to live longer than any generation before it. Not only are Americans living … Continue reading Your Boomer Parents Are Spending Their Inheritance – And Yours

READ MORE

Funeral Roles and Obligations

Nothing is more difficult than trying to deal with funeral arrangements among family members when you’re grieving over the loss of a loved one in the family. Everyone experiences grief and pain in different ways, and sometimes even the family’s acknowledged leader might hesitate to lead after a death. Compounding … Continue reading Your Family, The Funeral: Choosing Roles and Obligations

READ MORE

preparing for long-term care

We’d all like to be able to provide for our parents as they grow older, but today’s younger generation is more uncertain of their finances than ever. According to the Federal Reserve, the average U.S. household carries more than $15,000 in credit card debt, and college graduates are leaving senior … Continue reading Prepare Now for Your Parents’ Long-Term Care

READ MORE

When you purchase a life insurance policy, you must name the person, persons or entity (e.g. trust) that will receive the death benefit of your policy upon your death.  The amount of unclaimed death benefits in the U.S. is staggering.  In an article titled “How to Find Lost Life Insurance … Continue reading Name your Beneficiary Wisely

READ MORE

The New York Times recently an article calculating the average costs incurred by same sex couples when compared to their heterosexual counterparts and found that an average same-sex couple will end up paying anywhere from $30,000 to nearly $212,000 over a lifetime more for health insurance, taxes, social security, etc. … Continue reading How Life Insurance Can Benefit Same-Sex Couples

READ MORE

Before you start looking at the religious and philosophical answers to this question, I have to quickly warn you that this discussion leans more toward the material than the spiritual.  What I am going to address today are those actions one should do prior to one’s own death that will … Continue reading Are you Prepared for Death?

READ MORE