Universal Life Insurance and Estate Planning
Estate planning is the process of accumulating and disposing of wealth before the death of the individual and married couple. Its aim is to maximize the wealth of the estate owner.
The most important goal of estate planning is to make sure that the greatest amount of the estate passing to the estate owner's intended beneficiaries while paying the least amount of taxes. Life insurance if one of the vehicles can ensure that because life insurance is tax-free on hand of beneficiaries.If you are looking for estate planning lawyer, you may also check Estate Planning Law Firm in Radnor, Pennsylvania.
Seeking the advice and services of a highly qualified estate planning attorney is the first step you should take in securing your estate. Due to the constantly changing landscape of estate and tax law, it is important that you look for an attorney who is a specialist and experienced in the field of estate planning.
Many people falsely assume that any lawyer can cover the basics required for estate planning, which is essentially filling out documents and ensuring their legality.A general practice physician could certainly give you advice, but a neurologist who has had extensive experience with cases just like or very similar to yours would be able to give you much better advice.
When you want expert advice, you seek the counsel of an expert in the field. It should be the same when you are looking for an attorney to help you with your estate planning needs.