Tag: life insurance
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Special Needs Require Special Planning
Having a child with special needs presents unique challenges. When their condition limits their ability to earn a living and pay for living expenses upon reaching adulthood, financial worries can abound. Fortunately, there are steps you can take to ensure your child has sufficient financial resources and a dedicated support system. As you work towards…
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Irrevocable Life Insurance Trust Benefits
Including a trust that owns life insurance in your estate planning strategy can have the following benefits: MANAGEMENT. If you have a large estate and plan to pass a significant inheritance to children, an Irrevocable Life Insurance Trust (ILIT) enables you to appoint someone to manage the trust’s assets. The trustee you select could be…