Lots of people have life insurance policies as a form of protection for their family's future when they pass away. Typically, the beneficiaries of these policies are the heirs and/or spouses of the insured. The money is paid directly to those beneficiaries, without...
Month: May 2021
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3 ways to reduce the value of your estate
Are you doing your estate planning and trying to determine how you can reduce the overall value of that estate? You don’t want to lose your assets, of course, but you know that there can be some tax benefits if you have a smaller estate. Fortunately, there are...
Important reasons to change your executor
Settling an estate often is complicated. There are so many tasks required of an estate’s executor who plays a pivotal role in settling an estate. Key responsibilities include liquidating and distributing assets, paying off creditors, settling squabbles among heirs and...