The Wealth Advisor

Important Things to Know About Life Insurance to Enhance Your Estate Plan

Creative Uses for Life Insurance According to a new study from LIMRA and Life Happens, two nonprofit industry trade associations, a record-high number of American adults—approximately 102 million—either do not have life insurance or do not have enough coverage.  Misunderstandings about how much life insurance costs and what type to purchase are the largest barriers […]

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Who Should You Name as a Beneficiary?

The proceeds from your life insurance policy can benefit your loved ones in many ways, from paying off your outstanding debts to providing supplemental income for your spouse and children to covering funeral and burial expenses.  Life insurance policy payouts average $168,000. As the policyholder, you can—and should—name beneficiaries of the policy. Generally, however, when […]

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Do You Have Enough Life Insurance?

About 90 million Americans depend on life insurance for financial protection and retirement security. An almost equal number say that they either do not have any life insurance or need more life insurance. More than one-third say they plan to purchase coverage in the next year.  With very few exceptions, life insurance can benefit everyone. […]

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Estate Planning Lessons We Can Learn from These Famous Moms

Gloria Vanderbilt: No Trust Fund Kids for Her We are at the precipice of what is being called “The Greatest Wealth Transfer in History,” as baby boomers are set to pass down $84 trillion to younger generations. Every parent wants to see their children succeed. But some may wonder whether an inheritance will help promote […]

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Legacy Insights: Navigating the Generation-Skipping Transfer Tax 

Your Guide to Understanding the Generation-Skipping Transfer Tax  Generation-Skipping Transfer Tax 101  Many people are familiar with the existence and some aspects of estate and gift taxes. If you are part of an ultra-high-net-worth family, it is important to also understand the generation-skipping transfer (GST) tax and how it may affect your particular situation. During […]

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