“Articles Concerning Trusts, Wills, Probate, Family Law & more”
By Stephen C. Ross, Esq.
July 4, 2014 (San Diego County) – Life insurance can often be used as a significant element of an estate plan. It may provide a liquid source of funds for the insured’s estate to pay estate taxes and other death-related expenses. Such insurance is often used to establish or supplement an estate to support the insured’s family should he or she die. A family business may use life insurance to create a source of funds for surviving owners to purchase the decedent’s company interest pursuant to a buy-sell or shareholder’s agreement.
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