Right and Wrong Ways to Use Life Insurance (Part 1 of 4)

Preserve Your Estate: "Right and Wrong Ways to Use Life Insurance" with Philip Kavesh and host, Skip Lindeman.

Visit http://www.kaveshlaw.com for more information.

NOTE: These videos were recorded in 2004; most of the information still applies today, but please be advised that some laws and information may have changed. This video is intended to provide general legal information only; legal information is not legal advice and you should consult with qualified legal counsel prior to implementing any estate planning. The transmission or receipt of information to or from this video is not intended to create, and does not create or constitute, an attorney-client relationship.

Category:

Education

Tags:

• living
• trusts
• preserve
• your
• estate
• philip
• kavesh
• minor
• otis
• planning
• torrance
• wills
• life
• insurance

[acumedcorp]

MORON! The only reason why he is talking about this is because he sales That crapy insurance, IDIOT

[kaveshlaw]

@acumedcorp We actually don't sell life insurance. We are a law firm that provides estate planning services. The reason why we do discuss this topic is because we feel that financial planning is important in the planning for your estate, which does include utilizing life insurance as an option for planning. Thanks for taking the time to visit our videos!

[MichaelRMackay]

@Sternfil

Give me an email with your contact info and I can fill you in on how to properly plan for the orderly disposition of your estate assets with minimal tax consequences that you will understand and more importantly, as a CPA agree with once you've "run the numbers".

taxfree4life@gmail.com

[Sternfil]

I've been approached about 2nd to die - I'm 60, wife 59 - I'm running the numbers and I can't make sense of it. What happens if I die early and my wife lives another 20+ yrs? Wouldn't the first death policy have been better? I've run a "lost opportunity cost" calc on the DB not paid and the number is staggering that is lost to my family? I can only see this type of INS working if we both die around the same age? Have you thought this through? It seems to me not to make sense and I'm a cpa.