Joshi, Sarika

guardianlife.com

Estate Planning

Asset Maximization

Planning for the orderly transfer of property at death can help to minimize taxes and provide for heirs in a way that will re ect an individual’s desires. Whole life insurance plays a key role in providing for loved ones by o ering:

• One of the unique bene ts of whole life is the way it enhances the value of other assets during retirement. The presence of a guaranteed death bene t gives the owner the ability to use assets in ways that would not be possible if the insurance did not exist. The death bene t provides the “permission slip” that may enable you to spend down principal and interest (maximize retirement income), knowing that the principal will be replaced for your family upon death. • The existence of permanent whole life insurance in the estate of a donor makes it possible to achieve the desired charitable intent with all the collateral bene ts, while maintaining a comparable legacy for the donor’s heirs.

• Adequate liquidity to pay

estate and inheritance taxes;

• Assets to generate income for a surviving spouse and children;

• Estate equalization among heirs; and

• Funding for special needs children and adults.

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