Estate Planning Basics Attorney in Ketchum, Idaho
How does life insurance fit into estate planning?
How does life insurance fit into estate planning?
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00:04
life insurance is a great vehicle for
00:06
estate planning at any age different
00:08
types of insurance
00:10
benefit different at different times of
00:12
one’s life
00:13
with a young married clients and young
00:16
children
00:18
life insurance as an income replacement
00:20
vehicle
00:21
is great to protect the surviving spouse
00:24
to make sure there’s
00:25
funds to pay off a mortgage pay for
00:27
college
00:28
and it’s not very expensive if the
00:30
couple
00:31
obtains life insurance when they’re
00:33
young and healthy when
00:35
the clients are a little older we start
00:37
and they have greater
00:38
assets we start thinking of life
00:41
insurance
00:41
as alternative investment vehicle
00:44
where it can be structured so that it’s
00:47
excluded from the
00:49
estate and also the proceeds payout
00:52
income tax-free it’s a way to provide
00:55
immediate liquidity regardless of the
00:57
type of life insurance
00:58
it is life insurance usually pays out in
01:00
three or four months
01:01
it’s a great tool if it’s obtained early
01:04
enough
01:05
and when everyone is healthy
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Los Angeles, CA Estate Planning & Probate lawyer Jill Eshman explains how does life insurance fits into estate planning.
