In their article, E. Hans Lundsten, Joseph Marion III, and David Riedel explore the decision of whether or not individuals should continue to consider using life insurance as part of their estate plan. They argue that life insurance can be beneficial in that it provides for and protects your family in the event of an unexpected death, it can support philanthropic goals, maintain family peace, even protect your assets from creditors’ claims. As always, the most important aspect of a well crafted estate plan is the planning itself, so these authors urge maintaining life insurance as a strong aspect of your estate plan.
Find their full opinion here: Should life insurance be a part of your estate plan?
Posted by Allison Trupp, Associate Editor, Wealth Strategies Journal