THE CARDINAL GUIDE TO:
Strategizing Life Insurance & Estate Planning 

￭ Calculate the amount of money your survivors need to receive quickly after you pass away. Consider purchasing life insurance. If you don’t want to pay ongoing premiums, consider single- premium whole life insurance.

￭ Update all of your beneficiary designations. Beneficiary designations trump the will and go straight to the beneficiary.

￭ You need at least four legal documents prepared by an attorney knowledgeable about elder law: a will, a health-care power of attorney, a financial power of attorney, and a HIPAA release.

￭ Federal estate taxes are no longer relevant for estates under $5.43 million, or $10.86 million for couples. The step up in basis at death for capital gains taxes is the more relevant issue for middle-class taxpayers.

￭ Want more information? A complimentary life insurance quote? Fill out the form below so we can give you some personalized options!