Estate Preservation
Estate Planning
Who says you have to be a millionaire to need Estate Planning? Unless you are not planning to leave anything to future generations at all, you need to consider the impact your estate will have on your family.
Will your kids end up fighting over it?
Will your spouse be properly taken care of? free Estate Planning Checklist
Will the government end up with more than their fair share?
Estate Planning is YOU making decisions now that could help keep harmony in your family later on.
It is a way to pass on your values to the next generation.
Call 808-625-3782 or contact us for more information.
Use of this kind of trust helps move cash out of a taxable estate and places it in a special trust that purchases life insurance for the benefit of your heirs.
Special Plans for Non-USA Citizens
Even if you have been living in the USA for 20 years or more, if you are not a citizen, you do not have the same estate planning benefits as a USA Citizen. Careful planning must be done to avoid having high taxes imposed on any inheritance.
Life Settlements - Selling Your Life Insurance Policy
While not something everyone should consider, selling a life insurance policy is quite valid in certain circumstances. If a life policy is not needed for its death benefit, selling it could produce cash to
- purchase a higher paying immediate annuity for income
- pay for long term care expenses
- provide cash to settle inheritance issues in advance
Read on for more reasons
Why Insurance is important in Estate Planning
Life insurance is the most efficient method of transferring value between generations. It can be used to leverage existing amounts of cash into much greater sums. The death benefit provided is usually passed on income tax free. It can be left outside of probate, trusts, and other estate tools. It can be structured prior to death with irrevocable conditions. It can be used to replace money in the estate that must be spent for other concerns prior to death.
Read Insurance basics in Estate Planning