Estate planning is often thought of as something that only applies to the very wealthy. In reality, there are several fundamental components of estate planning that everyone should consider to ensure their loved ones are cared for and their legacy lives on as intended.
Life insurance is widely used in estate planning because it provides an important source of liquidity at the death of the insured. Since death benefits are usually received free of income tax, insurance proceeds can be free of estate tax as well, with proper estate planning. Whether it is used for personal, business, or charitable reasons, life insurance can help your clients plan for the future.
MVP Financial has estate planning resources to assist you with proper planning for your clients.
Use #EstatePlanningAwarenessWeek in your social media posts.
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