Life Insurance – So much more than a death benefit
Properly structured Life Insurance is a cutting edge solution for most individuals or businesses. The key word here is - properly structured. It offers many benefits that are not offered with traditional plans. Which plan is the right plan for you? Let's compare traditional retirement plans with Life Insurance.
SOLUTIONS
It can plainly be seen that traditional plans may not be the best solution for your company or employee's retirement needs. The benefits for Life Insurance far outweigh the benefits for the traditional plans.
If you are interested in offering Life Insurance for your employees or just yourself, please contact us. We appreciate your interest and look forward to working with your company.
Attorney’s fees, executor’s fees, and advertising
all account for charges that can add up to 10% to the cost of probate.
The executor can charge up to 5% of the estate value. In addition, taxes
can take up to 55% of some assets if planning is not done properly.
If
everything goes smoothly it can be as quick as a couple of months. It
has been estimated that the average is a little over 9 months. Probating
an estate while one of the spouses is survived goes much quicker. When
you pass assets out of the marriage union it can take considerably
longer.
Because the process includes public announcements
and a court process, anyone who wants to know the details can check them
out. A simple trip to the courthouse or as in some states, you can pull
the information up on the computer in your living room.
At
anytime during the probate process, anyone can contest the ownership of
the deceased assets. Once a claim is filled all assets are frozen and
each side (the one making the claim and the executor of the estate) must
prove their side, to carry out the transfer of the estate. Once this
happens the other three issues can increase dramatically.
