Reduce Estate Tax Liability with Life Insurance Trusts Are you wondering if life insurance trusts are a good idea? Depending on your financial situation and the manner in which your life insurance policy is structured, setting up a trust may be in your best interest,...
You also should be aware of the other procedures involved in estate settlement. Here’s a quick review of some of them. Your attorney, as well as other estate planning professionals, can provide more details. Transferring property When thinking about transferring...
I recently watched the fabulous movie It’s a Wonderful Life for the umpteenth time. I must admit it gets me every time I watch it. With my apologies to Frank Capra, here’s another version of the movie: George Bailey has spent his entire life helping the...
There’s an old-school method of selling life insurance called backing the hearse up to the door. Using this method, a life insurance salesman vividly paints a picture of what life would be like if the family’s breadwinner were to die before his/her time....
