Estate Conservation is key for protecting hard assets such as an estate or business from foreclosure due to an owner dying and having to pay Estate Taxes that are due 9 months to the day after death occurs.
When the owner of an estate dies, the estate can go into probate. A Trust can be set up by the owner prior to death to designate his or her wishes for the estate or business. A Life Insurance Trust is designed to transfer the owners estate (assets) at the time of the owner's death to their assigned beneficiaries. The Trust can keep your business and estate from going through a rigorous probate process, as well as pay off any estate tax owed on the property or business the Trust was set up for.
The DFS Group LLC along with our partnered estate planning attorneys offer great prices to easily set up a Revocable or Irrevocable Life Insurance Trust for your protection.