Estate Planning with Oak & Coast

   Insurance plays a crucial role in estate planning by providing financial protection for individuals and their heirs. Life insurance policies, such as whole life or universal life, can ensure that beneficiaries receive a tax-free death benefit, helping to cover estate taxes and other expenses. Additionally, long-term care insurance can safeguard assets by covering the costs of nursing home care or in-home assistance, preserving the estate for heirs.

   Disability insurance is essential for protecting the estate in the event of a disability, ensuring that individuals can continue to support themselves and their families without depleting savings or assets. Furthermore, liability insurance, such as umbrella insurance, can protect the estate from lawsuits or claims that may arise from accidents or other unforeseen events, shielding assets from potential loss. 

   By strategically incorporating various insurance policies into estate planning, individuals can mitigate financial risks, preserve assets, and ensure their legacy is passed on according to their wishes.