Most people don't worry too much about what will happen to their possessions when they are gone. They just assume their "estate" will be passed along to their family.
Life Insurance is a useful and flexible estate-planning tool that can provide income tax-free income security for your loved ones. It can also provide liquidity to pay estate taxes, especially if your estate largely consists of assets such as real estate or a closely-held business that you may be reluctant to sell to raise cash. In most cases if the policy is owned by an irrevocable trust, the insurance payout can avoid estate taxes too. Contact one of our professionals today for more information.
*This information does not constitute legal or tax advice. As with all tax planning, please consult your attorney or tax advisor.
Insurance products are offered by Huntington Insurance, Inc., a licensed agency.