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Can Life Insurance Help Your Estate Plan? Fidelity Form

Can Life Insurance Help Your Estate Plan? Fidelity Form

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oh hey there folks Elba luck here attorney Patrick Kelleher coming to you from elderlocure.com folks today's question is how does life insurance come into play in Estate Planning and elder law folks oftentimes from my experience life insurance is a great asset to have because if someone passes away it's almost immediate liquid funds to cover expenses of the estate the expenses of the estate folks could be the estate death tax or a state administrative expenses oftentimes that will be incurred when a loved one passes away could be the estate death tax could be legal fees could be the tax man could be Financial creditors and predators which is a third-headed monster or it could be a nursing home or Medicaid lien when that person pass it away also it could be probate fees and things of that nature so that life insurance could be almost immediate liquid cash funds to cover taxes in other standard rudimentary estate administrative expenses okay really really helpful to have

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