Q. My husband is in poor health and we need to find a way to pay for care to keep him at home. He has a life insurance policy payable on death, but I heard that there may be ways to access policy benefits during lifetime. Can you advise on this? A. Sure. There are… Read More »
Posts Tagged: life insurance
Don’t Disinherit Your Loved Ones By Mistake—Review Your Estate Plan Regularly
All of our readers know just how important—how essential—a will or trust is to protecting your family after you pass away. Leaving clear and tangible instructions can prevent family infighting as well as hurt or unsettled feelings; and leaving a legally airtight will can prevent wasted time and money in unnecessarily long probate proceedings. But for… Read More »
Do Life Insurance or Retirement Benefits Have to Go Through Probate?
We may acquire many assets over the course of our lives now—bank accounts, stocks, real property, life insurance, retirement, and more—it’s almost impossible to know what has to go through probate and what doesn’t. The answer to the question in the title, above, is “no”; life insurance and retirement benefits do not have to go through… Read More »
Procrastination is Not a Planning Tool
The number one reason that people die without protecting their assets or their heirs is not that they lack the money to create an estate plan, and it’s not that they don’t know that they need one, or how to create one—It’s procrastination. Most people who die without an estate plan in place do so… Read More »