Purchasing a life insurance policy can be tricky if you don’t understand the different types of policies that are available. As soon as you start shopping for insurance you will encounter a new vocabulary,, like “cash value”, “term”, and “whole life” insurance. It’s important to understand what types of life insurance policies are available, and … [Read more...] about Understanding Life Insurance
A will is a legal document that tells others how a person’s property will be dealt with upon his or her death. It names those who’ll inherit the assets (the beneficiaries) and designates a person or entity to oversee the distribution of assets, known as the executor or personal representative. Your beneficiaries can include spouses, children, … [Read more...] about What is a Will?
One of the most important decisions to make when setting up a living trust is to work out what property you want in the trust. It’s common to place virtually all of your assets (other than retirement plan assets) in the trust to avoid these going through probate, but you’ll need to know what type of trust you want before choosing which assets to … [Read more...] about Things To Consider When Setting Up A Living Trust
There are several types of trusts, some of which designate charities as beneficiaries. Two of these are the Charitable Remainder Trust and the Charitable Lead Trust. These trusts are set up to help charities and also minimize estate taxes. Depending on how they’re structured, they can benefit both the charity and other beneficiaries (such as … [Read more...] about Charitable Remainder and Charitable Lead Trusts: What’s the Difference?
New blog posts coming soon! … [Read more...] about Welcome to the Blog of Levine, Furman, & Rubin, LLC