Ballots to Beneficiaries: How Potential Presidential Policies Could Shape the Future of Estate Planning The 2024 presidential election is only a few months away. As campaign ads ramp up and we enter debate season, the candidates will sound off on their respective positions about a wide range of topics, from the economy, immigration, and education […]
Continue reading…The Wealth Counselor
Planning with Life Insurance
Creative Uses for Life Insurance Slightly more than half of Americans (52 percent) have a life insurance policy, and about 4 in 10 adults say they do not have enough life insurance coverage. That leaves about 100 million Americans uninsured or underinsured when it comes to carrying life insurance. Because life insurance provides funds for […]
Continue reading…Who Should Your Client Name as a Beneficiary?
Americans pay hundreds of billions of dollars in life insurance premiums per year. Most policyholders will never see a payout themselves. Instead, it will go to their loved ones to provide for them when the policyholder dies. Life insurance benefits and claims totaled $797.7 billion in 2022, including more than $88 billion in death benefits, […]
Continue reading…Common Life Insurance Mistakes in Estate Planning
With few exceptions, almost every client should have life insurance, just as everyone should have an estate plan. But simply having a policy—and a plan—is not enough. Both life insurance policies and estate plans are prone to mistakes or oversights that can undermine their effectiveness. And those mistakes or oversights can be compounded when life […]
Continue reading…Lessons We Can Learn from Famous Mothers and Their Estate Plans
Gloria Vanderbilt: No Trust Fund Kids for Her A tenet of the American dream is that children grow up to earn more and have a better standard of living than their parents. Traditionally, upward mobility in America is achieved through hard work and the growth of the economy. Intergenerational wealth transfers are also widespread, with […]
Continue reading…