Everyone knows that life insurance is a great (the best) way to make sure your family is taken care of after you’re gone. What many do not know, though, is that life insurance will alleviate many of the worries that your family will have during the first 90 days after you pass on.
In addition to the bills that are usually due every month, your family now has burial and funeral expenses to worry about. If your spouse works, he or she is going to be taking some time off to grieve and be among friends family. What if that is unpaid time?
Just as important, life insurance proceeds can be a great tool to a probate attorney. When trying to reduce or eliminate creditor claims to make sure most of the estate stays with the family, having a nice amount of cash that is NOT a probate asset can be, well, a tremendous asset. It lets us do things like pay off creditors for pennies on the dollar. How relieved would that make your spouse?
How much life insurance is enough? I don’t know. What I do know is some of the highest quality life insurance agents and financial planners in the business. I’m happy to provide a referral to you if you need one. Just contact our office and we’ll be happy to get you in touch with the right person.
Disclaimer: The information above is provided for general information only and should not be considered legal advice. Our probate lawyers provide legal advice to our clients after talking about the specific circumstances of the client’s situation. Our law firm cannot give you legal advice unless we understand your situation by talking with you. Please contact our law office to receive specific information about your situation.
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