Posts Tagged ‘probate’

Term Life Insurance Creates an Immediate Estate

Life insurance may be the only way to create an estate immediately. What exactly does this mean? There are many benefits to purchasing term life insurance but this ability to so simply create an estate among the many options that require time, attorneys, and money may be one of the greatest. Let\’s look at how […]

Life Insurance Trust: Tips for Keeping Inheritance Property Out of Probate

A life insurance trust can be thought of as a safe deposit box for storing inheritance property. Life insurance policies are placed inside the trust and managed by a Trustee. Upon the policyholder\’s death, the Trustee distributes proceeds to designated beneficiaries. A life insurance trust protects policy proceeds from estate taxes and the probate process. […]