Kroener Hale Law Firm
contact Menu
Call 513-716-5940We are here to listen, learn & help

TEXTS ONLY: 513-828-7510

TEXTS ONLY: 513-828-7510

Estate planning can include life insurance

In 2019, even the youngest baby boomers in Ohio will reach the age of 55, leading many to consider how they can improve their planning for the future. They may want to make sure they can support themselves through retirement and plan to leave their assets behind to their loved ones. Life insurance might play an important role in an estate plan alongside traditional documents like wills and trusts. People can use life insurance to help them successfully transfer their wealth between generations.

This increased thinking about the future can be important for many. According to one survey, 42 percent of the baby boomer generation does not have an estate plan. Even those who have written a will often have an out-of-date plan that has not been reviewed in years and may not reflect legal changes or life developments. However, baby boomers have a significant amount of wealth to transfer. They collectively have around $30 trillion in assets and will be looking to pass that wealth along in the coming several decades. However, some may not be able to do so as efficiently if they do not create an estate plan.

Life insurance can help people in this process. It could provide their loved ones with much-needed access to cash during the time when the estate is still going through probate. These funds might help people to cover final expenses like outstanding debts, medical bills or funeral costs as well as pay lawyers, accountants and other professionals to address estate issues.

Making a plan for the future can help people to feel secure that they will support their loved ones even after they are gone. An estate planning lawyer may help people make a plan and develop key estate documents like wills, trusts and powers of attorney.

No Comments

Leave a comment
Comment Information

Take Action Today. Call 513-716-5940 To Talk To An Experienced And Compassionate Attorney.

Email Us For a Response

Tell Us More About Your Legal Issue

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Contact information

Kroener Hale Law Firm
101 N. Riverside Dr.
Batavia, OH 45103

Phone: 513-716-5940
Phone: 513-828-7510
Fax: 513-297-7227
Batavia Law Office Map

West Chester Office
9078 Union Centre Blvd
Suite 350
West Chester, OH 45069

West Chester Law Office Map

Cincinnati Office
312 Walnut Street
Suite 1600
Cincinnati, OH 45202

Cincinnati Law Office Map

Texts Only: 513-828-7510

With offices in Batavia, Cincinnati and West Chester, Ohio we serve clients throughout Clermont and Hamilton Counties