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Death and
Taxes
Preparing for Life's
Certainties
"Certainty? In
this world nothing is certain but death and taxes."
Benjamin Franklin
As Ben
Franklin
said, two things in life are certain, death and taxes.
Unfortunately, both of these will
definitely
happen. The
question is, will you be prepared?
You can prepare for both
with proper life insurance.
Most people
are uncomfortable talking about death and will put off
the discussion, often until it is too late. And, most
everyone will gladly complain about taxes, but few will take
the steps necessary to combat them.
To truly
understand the impact of taxes, now and after you are gone,
you must first look at it from a macro-economic approach.
This will give you a broader understanding of how and why
you should prepare. Our goal is to ease the stress and
anxiety associated
with the inevitable by having a solid, defensive approach.
Since most
people want to think that "it won't happen to me", they will
procrastinate. Death can strike at any moment, so the wise
choice is to prepare now. The following list is my personal
choice, in order of importance, of the areas that should be
prepared for:
-
Salvation
-
Life
Insurance
-
Will
-
Funeral
-
Probate
-
Trusts
-
Estate
In order to
prepare for these events you will need some teammates.
Depending on the size of your estate, you'll want to
consider adding the following to your list of allies:
-
Life
Insurance Agent - your life insurance agent may
prove to be your most valuable ally while you are alive,
and long after your death. A good life insurance agent
will share the living benefits of life insurance with
you while helping you with a macro-economic plan for
achieving your goals.
-
Tax
Attorney - a competent tax attorney will guide you
through a sound plan for preparing your estate. And, your
last will and testament will be an important component
along with a plan for distributing your assets.
-
CPA
- certified public accountants can provide advice for
taxes while you are alive. You'll want to choose one
that has time for your needs and understands the uses of
life insurance and it's living benefits.
If these
areas are addressed, then taxes will be of little
consequence. By planning you can overcome the anxiety
associated with death. Put your plan in action and you can
live your life with dignity knowing that you are prepared
for the life hereafter and that you will have left this
world a better place.
Why
wait? Call (228) 875-5545 today to prepare.
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DISCLAIMER
We do not provide tax or legal advice and accept no
liability for the information we provide. Please
consult your tax advisor. |
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