Are You Using This Tool?
Estate planning is often perceived as a complex and intimidating task, but it is an essential process to ensure that your assets are distributed according to your wishes after your passing.
One tool that can play a pivotal role in estate planning, but that often goes overlooked? Life insurance!
Life insurance can help facilitate estate planning goals around wealth transfer, managing estate taxes and providing financial security for successful families.
In our latest blog, we examine how life insurance can be used in estate planning, compare the costs of life insurance versus other sources of liquidity, and explain that it is okay to have more than one life insurance policy.
At C3 Financial Partners, we can show clients and advisors the benefits and drawbacks of various funding mechanisms for their estate planning so they have confidence they are making the best choice for them and their family.
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IRS Applicable Federal Rate Update
For the third straight month, the AFR rates saw decreases in each of the short-term, mid-term, and long-term rates. To see the updated rates, head to the link below.
And please note – you can access the link on our homepage to check current and historic AFR rates at any time!
See The AFR Report
Speaking of Estate Planning
When someone dies, there are really only three places where their money can go: their heirs, their favorite community organizations, or the government.
Our recent blog explores how the looming sunset of the current federal estate tax exemption might impact your ability to control which of those three receive your estate.
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Securities offered through Valmark Securities, Inc. member FINRA, SIPC. Investment advisory products and services offered through Valmark Advisers, Inc., an SEC Registered Investment Advisor. Representatives may transact business, which includes offering products and services and/or responding to inquiries, only in state(s) in which they are properly registered and/or licensed. C3 Financial Partners is a separate entity from Valmark Securities, Inc. and Valmark Advisers, Inc.
The information presented here is for educational purpose only and is not intended to provide specific advice or recommendations for any individual nor does it take into account the particular investment objectives, financial situation or needs of individual investors. This material is not intended to provide and should not be relied on for tax advice. Any tax advice contained herein is of a general nature. You should seek specific advice from your tax professional before pursuing any idea contemplated.
