Sentences with phrase «part of one's estate plan»

Many people talk about how to use life insurance as part of their estate planning.

Creating a will is an important part of the estate planning process.

Joint last - to - die coverage is an essential part of estate planning.

Investing in a quality whole life insurance policy with a solid life insurance company is an important part of estate planning for many people.

This is a major part of your estate plan that can easily be overlooked.

Choosing our shelter to be part of your estate planning shows your commitment to abandoned animals and our efforts to save them.

Make your pet s care part of your estate planning.

I was under the impression that this «life - insurance thing» was part of the estate planning gig.

In some situations, establishing a trust as part of an estate plan can help counter state estate tax implications.

It's the most important part of an estate plan.

It is very obvious why life insurance should be part of estate planning for all individuals.

Provision for pets should also be made in your Durable Power of Attorney, which should be part of your estate plan in the event of incapacity.

As part of her estate planning practice, Elaine routinely drafts wills, trusts, and ancillary documents.

First, I believe part of estate planning is funeral planning.

Your Trust will become part of your Estate planning.

In the past, one part of estate planning included gift decisions: Grantors had to decide whether to give away assets while they were living, whether outright or in trust, in order to remove the asset and any appreciation from their estate.

For parents who are in the process of moving money from their accounts to those of their kids, perhaps as part of an estate plan designed to minimize taxes, this ability to give twice as much money can be quite welcome.

«An important and usually neglected part of estate planning is what will happen to a client's pets and animals.

A testamentary trust is a vital part of estate planning and will be put into effect once a person is deceased.

That said, it sure looks Estate Map could be a nice component of part of an estate planning practice.

An Advance Directive is just part of your estate plan.

A Will is only part of estate planning, but it is an important part.

Even if an ILIT isn't being used as part of the estate plan, perhaps because there are no children or grandchildren, second to die life insurance is a good way to handle the burden of federal estate taxes.

For many, survivorship whole life insurance is an essential part of the estate planning process.

First, I believe part of estate planning is funeral planning.

As part of her estate planning practice, she advises clients on tax minimization strategies at death, and drafts wills, trusts, continuing powers of attorney for property, and powers of attorney for personal care.

However, there is another important part of the estate planning process that concerns the role of life insurance for estate planning which uses the right life insurance coverage to accomplish specifically identified estate planning goals.

Part of estate planning is assigning powers of attorney.

You would need to take advantage of the cash value of the policy or have it as a part of your estate plan in order for the investment to make sense.

Be sure to consult an attorney or estate planning expert before attempting to use Roth accounts as part of an estate plan.

Most people try and avoid probate for the reasons mentioned above as part of their estate planning.

You would need to take advantage of the cash value of the policy or have it as a part of your estate plan in order for the investment to make sense.

If you'd like to explore a second to die life insurance option OR any other life insurance strategy as part of your estate plan, reach out and connect with us today!

As part of your estate planning, review your beneficiary designations and titling of assets to see your exposure to probate.

Given the high costs, these policies generally require that you take advantage of the cash value component of the account, or use the policy as a part of an estate plan, in order for the investment to make sense.

(It is a good idea for annuity owners to regularly check their beneficiary designations as part of any estate plan.)

Many wealthy individuals have wisely been using life insurance policies as part of their estate planning to immediately provide needed, tax - free liquidity to their beneficiaries.

Having said that your life insurance is part of your estate planning, you need to be sure that the planning is done strategically.

However, if you've built up a broad portfolio of assets and are interested in using permanent coverage to diversify your investments or as part of an estate plan, then converting to a universal policy is a good consideration.

529 plans are an often overlooked estate planning tool — so don't forget to make the Minnesota College Savings Plan a part of all your estate planning discussions.

So consider your TFSA designations as an important part of your estate plan, Edmund, especially as the years pass and TFSA balances become larger and an even more important estate consideration.

I wrote a month ago how I was opening a trust account for the revocable living trust we created as part of our estate planning.

For example, if you've created a family living trust as part of your estate plan, you need to decide if it should be the designated beneficiary of your cash value life insurance policy.

Ideally, as part of your estate planning, it is wise to advise your attorney if you have pets and if you would like arrangements made for your pets after your death.

A bequest to the Humane Society can be part of your estate plan, creating a legacy of care for the animals and people of our community.

When Sharon Lehrer passed away in 2014 she created the Rosie Lehrer Fund for Kootenai Humane Society as part of her estate planning.

Their welfare needs to be considered as part of your estate planning.