Planning is an important part of life, especially when it comes to ensuring that your financial affairs are in order. Estate planning is the process in which you arrange the transfer of assets in anticipation of death. It exists to assure that your accumulated wealth passes according to your intent, to assure that the accumulated wealth is not wasted in paying unnecessary death taxes and to assure timely payment of estate obligations.
Through proper planning and using the right tools, you can design an efficient way to show your family that you truly care about them. Life insurance can be effectively utilized to accomplish this objective. The primary purpose of life insurance is to provide your loved ones with the protection needed to ease the financial burden of death. Estate planning allows you to create a plan so everything you've worked for throughout your life can live on.