Category: Life Insurance

Why You Should Also Consider Life Insurance as Part of Your Estate Planning Toolkit

Setting up a consultation with an experienced estate planning attorney is strongly recommended, so that you have the opportunity to walk through your individual situation and determine strategies and tactics that will help you accomplish your estate planning goals. Putting together an estate plan and outlining the essential documents such as a will or a[...]

Why You Need to Consider Life Insurance as Part of Your Estate Planning Policy

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[...]

What Is an Irrevocable Life Insurance Trust? Do I Really Need One?

Plenty of estate planning guidance relies on avoiding taxes, and while this is a worthwhile goal, life insurance can be an important part of your estate planning options. One of the most popular tools to handle this is known as an irrevocable life insurance trust. When you select a trust to hold the title to[...]

5 Things You Need to Know About Long-Term Care Insurance

Long-term care isn’t anyone’s favorite subject. It is an easy can to kick down the road, but those who do end up kicking themselves in the long run. View image | gettyimages.com In recognition of that fact, the Chicago Tribune recently sounded the alarm with a list of five things that everyone needs to know[...]

Financial Issues and Aging Parents

While it may be difficult, it is important to have financial conversations with your elderly parents. These conversations are important because they will best prepare your family to cope when a parent loses the ability to handle his or her money and other affairs. A recent article discusses several issues you should be sure to[...]

How Can You Benefit From a Revocable Trust?

A revocable trust, also referred to as a living trust, is an estate planning tool that a person can use to pass his or her assets outside of probate after his or her death. A recent article explains how a person may benefit from a revocable trust. When a person puts property in a revocable[...]

A Growing Need for Estate Planning

In the coming years, experts predict that the demand for estate planning services and expertise will be greater than ever. As a recent article points out, the nation’s aging baby boomers are currently entering the retirement phase of their life. This “silver tsunami” is increasing the need for retirement and estate planning. American’s senior citizens[...]

Estate Planning With Life Insurance

As this recent article explains, one of the most critical parts of any estate plan is a life insurance policy. Having a life insurance policy increases the size of the estate that a person is able to leave to his or her heirs. The cash from a life insurance policy can also aid your heirs[...]