C 2011 San Diego Real Estate Law |
Importance of Insurance with Estate Planning
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Carlsbad, CA 92011
Call us Now
M-F 9 a.m. - 5 p.m.
619.322.5695
Email Us
Mailing Address
7040 Avenida Encinas
Suite 104-285
Carlsbad, CA 92011
We serve the San Diego Communities of Del Mar, Carlsbad, Encinitas, Leucadia, Rancho Santa Fe,
HillCrest, North Park, Sorrento Valley, Solana Beach, Oceanside, and San Marcos.
HillCrest, North Park, Sorrento Valley, Solana Beach, Oceanside, and San Marcos.
Insurance and
Estate Planning
Estate Planning
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Life Insurance buys time. It is the universal estate creator and,
therefore, the first outside investment that a family man/woman
should make.
Life Insurance is critical at each juncture of your estate building
plans. It creates an instant estate for the family at the beginning
and protects the family fortune once established. No other estate
planning tool serves these purposes like life insurance. It protects
the key employees of corporations, the family from loss of the family
home and business, and the jobs of all employees from a sell off of
company assets upon the death of its owner.
Estate planning uses each of the basic types of insurance to
satisfy the above objectives. Term Insurance creates an instant,
yet temporary, estate at generally the lowest short-term cost.
Universal Life creates permanent insurance which meets many
more possible estate building objectives and at a potentially less
expensive long-term cost.
Ordinary whole life insurance builds a cash value within the
policy, creating a liquid asset within the estate. It is always
available for borrowing on a tax free basis sometimes when no
other source is available. As cash value builds it also creates a
potential source of investment capital. This build up of capital is
tax free during the term of the policy. It is this tax sheltered
treatment that makes insurance such an attractive investment
within the estate.
Do I need to update my will and/or trust?
I want to schedule a review of my estate plan.
Recent Developments in Estate Planning
therefore, the first outside investment that a family man/woman
should make.
Life Insurance is critical at each juncture of your estate building
plans. It creates an instant estate for the family at the beginning
and protects the family fortune once established. No other estate
planning tool serves these purposes like life insurance. It protects
the key employees of corporations, the family from loss of the family
home and business, and the jobs of all employees from a sell off of
company assets upon the death of its owner.
Estate planning uses each of the basic types of insurance to
satisfy the above objectives. Term Insurance creates an instant,
yet temporary, estate at generally the lowest short-term cost.
Universal Life creates permanent insurance which meets many
more possible estate building objectives and at a potentially less
expensive long-term cost.
Ordinary whole life insurance builds a cash value within the
policy, creating a liquid asset within the estate. It is always
available for borrowing on a tax free basis sometimes when no
other source is available. As cash value builds it also creates a
potential source of investment capital. This build up of capital is
tax free during the term of the policy. It is this tax sheltered
treatment that makes insurance such an attractive investment
within the estate.
Do I need to update my will and/or trust?
I want to schedule a review of my estate plan.
Recent Developments in Estate Planning