Do You Have Anything to Give?

An estate plan directs the disposition of one's assets after they are gone. Oftentimes those of us with minor children provide that any assets left for our children are to be held in a trust in order to provide for their health, education and maintenance. Even a well drafted trust will not accomplish these goals if there are insufficient assets available for the family.

Life insurance is a great tool to provide for one's family after death. The proceeds of any life insurance policy can be directed to a trust for minor children, thereby providing the trust with the necessary fuel it needs to function. As a part of the estate planning process, you may want to consider evaluating your life insurance situation. It can make a tremendous difference for your family.