How Will You Protect Your Life Insurance Proceeds?
Your loved one named you as the beneficiary of a life insurance policy to ensure that your financial future will be protected. Using the money wisely and protecting it for future needs is your responsibility now.
Free Initial Consultation
If you have recently come into a large sum of proceeds from a life insurance policy, talk to an estate planning attorney at the Law Offices of Richard D. Franzblau, LLC. Our attorneys have been helping individuals and families find the right legal instruments to reduce or eliminate estate taxes and unnecessary loss of family assets since we opened our doors in 2001. Under attorney Richard Franzblau's 20 years of estate planning legal experience, our firm is ready to help you protect your inheritance with a full range of estate planning services, including:
- Establishing a revocable trust to distribute assets according to your specific desires
- Establishing an education trust for children, grandchildren and future generations
- Establishing a special needs trust to care for a surviving elderly or incapacitated spouse
- Establishing a spend-thrift trust, to prevent squandered assets by beneficiaries
- Using the proceeds to pay off mortgage and other long-term debt
- Estate tax planning
Using Life Insurance Proceeds to Pay for Estate Taxes
Our firm can help you reduce or eliminate the high financial and legal burden of estate taxes following the death of a loved one. Many surviving spouses and family members are surprised to learn of the high estate taxes required by the IRS following the death of a loved one. One of the most appropriate uses of life insurance proceeds is to pay off the inheritance taxes for the beneficiaries who receive a portion of the final estate.
Richard Franzblau founded our firm in 2001 with a commitment to offer personalized, attentive services that focus on efficiency and accessibility. Responsiveness is one of the key benefits of working with a firm that is determined to place client service and results above our attorneys' individual objectives.
Contact us to arrange a no-cost initial consultation with an experienced life insurance trust lawyer today.