Uses of Permanent Life Insurance in Estate Planning

An estate is the total sum of all the assets you leave behind after you die. The distribution of these assets is usually pre-determined through a Will. If there is no Will the execution of all assets is usually decided by a court of law. An estate could be as simple as naming a beneficiary for your 401(k) or it may require creating several trusts in order to distribute a vast estate.Many people are under the mistaken impression that estate planning is required only when you are wealthy.

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