Do I Need to Pay Taxes on Life Insurance Proceeds?
May 12, 2021
Knowing when life insurance is taxable and how to avoid taxation can help families ensure their loved ones get all of their policy’s proceeds.
Should Young Families have an Estate Plan?
May 4, 2021
Putting your last wishes on paper is critical to ensuring your family is taken care of when you die.
Should I Sell My Life Insurance Policy?
February 25, 2021
When a life insurance policy is no longer wanted or needed, many policy owners either abandon their policy by not paying the required premium or surrender it back to the carrier. In either situation, the insurance carrier wins, and the policy owner is stuck holding the empty bag.
What Happens to Credit Card Debt when Someone Dies?
December 23, 2020
If you get bogged down with a high balance that you can’t easily afford to pay off, it can take years to get out of debt. However, what happens to your credit card debt, if you die before you’ve repaid it?
What Debts Must Be Paid after I Die?
December 10, 2020
If you are concerned about incurring debt after a family member’s death or are worried how your own debt will impact your family, here are some things you should know.
Does My Estate Plan Need an Audit?
October 21, 2020
Estate planning is the process of transferring the management of your assets, if and when you are unable to manage them yourself due to disability or death. Whether you have $100 or $100 million you should have an estate plan.
Should I Cash in My Life Insurance Policy?
October 16, 2020
In tough economic times, people are sometimes left scrambling for cash to meet everyday expenses and lifestyle demands. Your life insurance policy is a possible source of funds – but should you tap into it?
How to Be Smart about a Financial Windfall
September 4, 2020
Windfalls can result from fortunate events, like lottery winning, and unfortunate events, like a legal settlement. Whatever the triggering event, a big injection of cash can certainly be a life-changing event in someone’s life.
What If Grandma Didn’t Have a Will and Died from COVID-19?
July 7, 2020
The novel coronavirus pandemic has upended the lives of millions, created a slew of unexpected struggles and, for many, turned nightmares into reality.