Estate Planning

 

Do you realize that the Federal Estate Tax is usually the largest single tax payment a person will ever make?

 

You Have Worked a Lifetime to Accumulate Your Wealth - Let our experienced specialists help you preserve it for your heirs.

 

Second-to-die life insurance products have become an increasingly popular way to help preserve your wealth for your heirs. Many accountants, attorneys, and financial planners are recommending life insurance products as an integral part of their client's estate planning needs. For a married couple, estate taxes are typically not due at the death of the first individual due to the ability to transfer assets to a surviving spouse free from estate taxation. Rather, for a married couple, estate taxes are generally due (if any) at the death of the surviving spouse. A second-to-die life insurance policy, which covers two lives and provides a death benefit upon the second insured's death, may, therefore, be well suited to deal with the potential estate tax burden of a married couple.

 

The key features of second-to-die life insurance products include, but are not limited to, the following:

 

Choice of Univeral Life, Variable Universal Life, or Indexed Universal Life Flexible death benefit Flexible premium Federal income tax-free death benefit Tax deferred accumulation of the policy's cash value

 

For more information about Estate Planning, call Justin Levine at (619) 294-8500 or email at justinl@gslevine.com.