Estate planning strategies can help minimize taxes, protect assets from creditors, avoid family strife or the mismanagement of an estate, and/or keep a business in the family.
When considering plans for transferring wealth to the next generation, keep in mind that change is inevitable – and often, unknowable. Family dynamics can change. Tax laws may and probably will change. And the timing for when estate plans go into effect (upon death) will always have an element of uncertainty.
But life insurance can add flexibility to an estate plan and help to keep goals on track through changes. Use the resources here to learn more.