Begin with your intentions
A legacy strategy starts with the people and purposes you want to support. Life insurance and retirement products may contribute to those goals, but should be evaluated alongside your broader resources and estate documents.
Review the details together
Beneficiary designations, policy ownership, wills and trusts may interact in important ways. Changes in family circumstances can create a reason to revisit these arrangements. Insurance alone is not a complete estate plan.
Bring the right professionals to the table
Attorneys, CPAs and other qualified professionals should advise on legal and tax matters. Outcomes depend on the facts, applicable law and how arrangements are structured. This article does not promise a tax result or provide individualized legal or tax advice.
Further reading
For educational purposes only. Products and strategies vary by individual circumstances. Consult qualified legal and tax professionals where appropriate.
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