Life Insurance/Trusts
Do you have enough life insurance?
Life insurance is one key asset that passes directly to your beneficiaries income tax-free, without the costly delays of probate. It ensures your family has immediate access to cash when they need it most, so they're not forced to liquidate other resources quickly to meet expenses, pay estate taxes or fund longer term goals.
Should you consider trusts?
Trusts are not just for the wealthy. They can be extremely useful to anyone who wants to put conditions on how and when their assets will be distributed after their death. Trusts can also help you reduce your estate taxes and transfer assets outside of the public glare and delay of probate court. Some even provide greater protection of your assets from creditors and lawsuits. Now's the time to consult with your legal and financial professionals to see whether trusts can help you accomplish your specific goals.
The information contained in this communication is not written or intended as tax or legal advice. Neither MassMutual nor any of its employees or representatives is authorized to give tax or legal advice. The information provided herein may not be relied on for purposes of avoiding any federal tax penalties. Individuals are encouraged to seek tax or legal advice from an independent professional advisor.