Insurance is at the bedrock of estate plannings. First, it reduces the risk of your estate getting wiped out by unforeseen events. Second, it has unique characteristics that allow for sophisticated planning. Estate planning is all about making sure things are taken care of. Insurance is part of that process. Here are various different kinds of insurance and why you should consider having them: Insurance on you: Life insurance pays a death benefit to your beneficiary. … [Read more...] about Insurance: A Major Estate Planning Tool
Are Insurance Proceeds Part of Your Estate?
You have to be very aware of the potential ravages of the estate tax when you are looking forward toward the future. Everyone in the country has the federal estate tax to be concerned about, but you must also take into consideration anything that could happen on the state level. In addition to this, we have a state inheritance tax as well, so we are more exposed than citizens of most of the other states. One question that people often have when they are evaluating their position involves … [Read more...] about Are Insurance Proceeds Part of Your Estate?
Your Team is on Your Side
Compliments of the McGee Law Firm, Attorney Brandon McGee Estate Planning is like a team sport. In these turbulent economic times, sometimes it may seem like you are going it all alone. However, you’ll find that bringing together a team of qualified professionals will bring you peace of mind as you work towards your goals. Before doing anything else, you must first select the members of your team to help you achieve your goals. This team consists of the following professionals, depending … [Read more...] about Your Team is on Your Side
What are the Benefits of Life Insurance?
Life insurance. It’s something that you know you need, but are hesitant to purchase. There are many reasons for this, including the fact that it’s never easy to think about your eventual passing. However, as you become more familiar with the benefits of life insurance, you’ll realize that it’s something you definitely want to add to your financial and estate plans. Here are three reasons to consider this purchase: Peace of mind: It’s natural to have concerns about what will happen to … [Read more...] about What are the Benefits of Life Insurance?
