I am Richard A. Sarner of Zeldes, Needle & Cooper, P.C., and I know that one of the most effective estate planning tools is insurance. The effective use of life insurance can be a good way to leverage current assets and protect against risk. The careful application of insurance can ensure that a trust is fully funded or allow for the seamless succession of your small business.
Allowing for the periodic payments of insurance premiums can be the difference between creating a trust that would have sufficient assets to do what it is designed to do, and one under-funded. Other estate planning applications of life insurance include:
With more than 25 years of experience in estate planning, I have attained the prestigious Martindale-Hubbell® AV rating* and am listed in the Martindale-Hubbell® Bar Register of Preeminent Lawyers™ In addition, I have co-authored the books, “Giving: Philanthropy for Everyone,” (Quantum Press, 2002) and “Love, Money, Control: Reinventing Estate Planning—Practical Answers from America’s Foremost Estate Planning Advisors ” (Quantum Press, 2004).
I can tailor estate plans to each client’s specific needs. I have access to cutting edge techniques, sophisticated software, and the best minds in the field through my membership in WealthCounsel, Esq, and Wealth Strategies Collaborative®. My estate planning practice includes asset protection planning, probate, living trusts, and more.
If you want to learn more about leveraging your current assets through insurance planning, contact me, an experienced estate planning attorney in Stamford, Connecticut, or New York City.