Life Insurance Trust Lawyer in Glendora
Protect Your Loved Ones with a Life Insurance Trust
Life insurance is one of the best ways to provide for your family's future. However, if you pass away, your beneficiaries may be taxed on their payout. By setting up a trust, you can protect your beneficiaries from this tax and help them secure their future.
A life insurance trust is a separate entity that holds your policy. As trustee, you have the power to use the insurance funds for the trust's beneficiaries as you see fit. This can include paying for college tuition, purchasing a home, or saving for retirement. The trustee can also use the funds to support the trust's beneficiaries if they become disabled or fall on hard times.
With a life insurance trust, your beneficiaries can receive the benefits they need without the tax burden. By avoiding this tax, your legacy can last for generations to come.
How Does a Life Insurance Trust Work?
A life insurance trust is a separate entity that holds your life insurance policy. As trustee, you have the power to use the insurance funds for the trust's beneficiaries as you see fit. This can include paying for college tuition, purchasing a home, or saving for retirement. The trustee can also use the funds to support the trust's beneficiaries if they become disabled or fall on hard times.
By using the trust, you can protect your beneficiaries from taxes. This can help them secure their future and give them the financial resources they need to thrive.
Who Should Set Up a Life Insurance Trust?
Anyone who owns a life insurance policy and wants to protect their beneficiaries from taxes should consider setting up a life insurance trust. This includes parents who want to provide for their children, grandparents who want to support their grandkids, and spouses who want to leave something behind for their spouse. The trustee can also use the funds to support the trust's beneficiaries if they become disabled or fall on hard times.
By using a life insurance trust, you can protect your beneficiaries and give them the financial resources they need to thrive.
How Can a Glendora Estate Planning Attorney Help Me?
An estate planning attorney can help you set up a life insurance trust. This lawyer will help you understand the benefits of a trust and make sure that your trust is set up correctly. Your attorney can also help you change your trust if your family's needs change.
At the Law Office of Donna Bachoura, Attorney Bachoura has more than 20 years of experience helping families protect their loved ones. Attorney Bachoura will work with you to set up a trust that will protect your beneficiaries from taxes and help them secure their future.
Our Glendora estate planning attorneys are here to help you get the most out of your life insurance policy. Call us at (626) 325-0660 or contact us online to schedule your free initial consultation.
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"I found Donna when I was looking for help with my family's estate planning. Working with her was a step by step process. They were professional and courteous! After a few meetings, we completed the required paperwork."JP
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"When I first met Donna she was so welcoming and kind. When we began looking over documents she took her time to explain things to me and made sure I understood everything we discussed. With her help, I was able to organize and prepare the proper documents "Katrina
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"She did my trust and both my parent’s trusts and was not only super knowledgeable and efficient, but also very easy to work with. She greets you with her friendly smile and makes you feel right at home."Staci M.
Contact Our Office
Whether you have questions or you’re ready to get started, our legal team is ready to help. Complete our form below or call us at (626) 325-0660.