Should I Consider Life Insurance During The Estate Planning Process?

Video Transcription:

Life insurance can be a critical tool for many estate plans. Life insurance is unique in that, let’s say, I own a policy. Well, it may not have significant value therefore it may be easy to transfer out of my estate without a tax burden during my lifetime but suddenly when I die it turns into a big bunch of money. For a variety of reasons. For estate tax avoidance it can be very useful. For funding a buy/sell agreement it can be very useful. If most of my estate is a business and I want that to go to my kid who is involved in the business, but I want the other kid to get a fair amount of money also maybe insurance meets that. It’s a very valuable tool in many cases. Have more questions? Then contact us today to schedule a free consultation! Doane & DoaneTop rated Tax & Estate Planning Attorneys