Generally a guardian is appointed and the money will be held until the children are of legal age. A trust can also be established that can manage the proceeds for your children.Read More
Have you really thought about who will take care of your children needs in the event that something happens to you? Its not just about life insurance but a thorough estate planning portfolio.Read More
To help look after future generations, many people elect to transfer property and life insurance policies by gift or at death to a person two more generations below himself or herself. Typically, this means grandchildren and great-grandchildren, also referred to as skip-persons. The goal is to have assets pass from grandparent to skip-persons without being taxed in the child’s estate.
Typically, the transferor places assets in trust to children for life, then to grandchildren. Or, the transferor gives property to grandchildren or places it in trust for their benefit.Read More
For couples who want to help their children avoid federal estate taxes, 2010 is a good year to die.Read More
When it comes to planning one’s estate and final expenses, it’s crucial for people to leave behind clear instructions in their will, as well as complete and well-organized information about their assets, life insurance policies and other financial holdings.Read More
A car accident. A fire. A plane crash. Tragedy can strike a family at any time. What would happen to your young children if you and your spouse died unexpectedly? It’s an uneasy thought, certainly, but it’s a consideration that all parents should take seriously.Read More
Throughout our lives, we are faced with numerous life-changing decisions that call us to question our current life insurance situation.Read More
If you’re a person who values confidentiality, life insurance can be a good way to pass along funds away from outside scrutiny or even other beneficiaries.
Life insurance can be easily modified so it isn’t considered a part of a policyholder’s estate, according to Edward E. Graves, author of “McGill’s Life Insurance.” This makes it immune from public disclosure. In other words, any information about the policy owner, their beneficiaries, or the amount of death benefit in the policy cannot be made public.Read More
The workshops fulfill employees’ interest in financial education and planning help in the workplace, and address a variety of topics such as Investing 101, planning for college, and estate and retirement planning.Read More
While sometimes unpleasant, protecting the financial future of your loved ones after your death may be one of the most important decisions you make during your lifetime.Read More