Key Estate Planning Strategies for High Net Worth Families

Tag Archives: life insurance

Key Estate Planning Strategies for High Net Worth Families

High net worth individuals are much more likely to have a federal taxable estate. As such, their estate planning strategies will typically include not just how they wish to divide their assets after their death and arrange for end-of-life care, but also how they can minimize their potential estate tax liability. Here are a few […]

Life Insurance Can Assist With Estate Planning

Life insurance exists to protect your loved ones after your passing and ensure they have sufficient resources to get by in your absence. It can also be a critical tool for your estate planning. Here are just a few instances where life insurance can be helpful as you plan your estate: Covering end-of-life expenses: Life […]

What to Know About Life Insurance Trusts

An irrevocable life insurance trust (ILIT) is a vehicle through which you can facilitate ownership of one or more life insurance policies. The main purpose of an ILIT is to reduce or eliminate estate taxes. The ILIT is both the owner and the beneficiary of the life insurance policy which typically insures the life of […]

Estate Planning Steps to Take When You Have a New Baby

Becoming a new parent results in a whole lot of changes in your life. It also tends to be a life event that encourages young people to finally take their estate planning seriously. Your child’s future will be greatly affected by the decisions you make now in your estate planning. It is important for you […]