Do you have enough life insurance or a policy at all? Life insurance is an important part of the estate planning process. You may even want to make use of an irrevocable life insurance trust to give you more protection. In these situations, the right lawyer can make a big difference.
You probably are underinsured as many individuals are. Life insurance has many different benefits to play for you. These include:
Given these numerous benefits, it makes sense that everyone in your family should have access to a life insurance policy. It is equally important to keep this life insurance policy updated with the names of appropriate beneficiaries. Bear in mind that as your life circumstances change, so too might the names of the beneficiaries listed on this policy. Having an annual opportunity to review all of this information frequently makes the most sense. Set up your review meeting with a New Jersey estate planning lawyer today.