Vance E. Antonacci, of McNees Wallac & Nurick, LLC, writes about using life insurance as part of an estate plan. After Mr. Antonacci notes that life insurance can play an important role in estate planning, and stating that it is important to understand the uses and purposes of life insurance and the tax consequences of owning a policy and receiving a death benefit, he discusses the following topics:
- Income replacement.
- Tax mitigation.
- Funding Buy-Sell Agreements.
- Types of Life Insurance Policies.
- Policy Ownership.
Read full article at Life Insurance and Estate Planning | McNees Wallace & Nurick LLC – JDSupra.