Life insurance plays a crucial role in estate planning, offering a financial safety net that ensures loved ones are protected against unforeseen events. One of the primary uses of life insurance is to cover funeral expenses, which can be a significant financial burden. The average cost of a funeral can range from $7,000 to $12,000, […]
Read moreThe top tax bracket for the federal estate tax is currently at 40 percent. This might seem high, but as a recent article points out, very few people actually pay this tax. Most estates are entirely exempt from estate tax. There is a $5,340,000 exemption from federal estate tax, meaning that estates valued at up […]
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