Insurance and Estate Planning: Protect Your Legacy
You protect your legacy by combining insurance and estate planning to ensure your family receives financial security, liquidity, and peace of mind when it matters most. Together, these tools form the foundation of an efficient wealth transfer strategy that minimizes taxes, avoids forced asset sales, and maintains family harmony. In this article, you’ll learn exactly how insurance supports your estate plan, which policies fit different goals, how to structure ownership for tax efficiency, and what steps ensure your legacy remains intact. Whether you manage a small business, significant real estate, or a multigenerational portfolio, integrating insurance into your estate plan keeps control in your hands, not the courts or tax authorities. What Is the Role of Insurance in Estate Planning? Insurance is the liquidity engine of your estate plan. It fills gaps that assets alone cannot—covering taxes, debts, and living costs while your estate settles. Without life insurance, estates...