irrevcable life insurance trust

Who Should Own Your Life Insurance Policy?

Who Should Own Your Life Insurance Policy?

If you own life insurance policies at your death, the proceeds will be included in your taxable estate. Ownership is usually determined by several factors, including who has the right to name the beneficiaries of the proceeds. The way around this problem is to not own the policies when you

Sonya Foster2021-04-12T14:57:10-06:00December 21st, 2017|

The Wrong Life Insurance Beneficiary Can Wreak Havoc With Your Estate Plan

The Wrong Life Insurance Beneficiary Can Wreak Havoc With Your Estate Plan

Life insurance can be a powerful financial and estate planning tool, but its benefits may be reduced or even eliminated if you designate the wrong beneficiary or fail to change beneficiaries when your circumstances change. Here are common pitfalls to avoid: Naming your estate as beneficiary. Doing so subjects life

Sonya Foster2021-04-12T14:58:38-06:00November 17th, 2016|