When reviewing your personal finances, it’s natural to think about how to provide financial support for your family after you pass away. Many people address this concern through a life insurance policy. If you’re in Eagan, MN, our team at F.I.R.E. Leaders Financial can help you find a policy that meets your needs. We’ve been working with clients like you since 2022.
If You Have Life Insurance, Do You Also Need an Estate Lawyer?
Some people wonder whether a life insurance policy can eliminate the need for an estate lawyer. In most states, the distribution of after-death assets typically goes through the probate process. However, a life insurance policy with a named beneficiary generally allows those funds to bypass probate entirely.
While naming a beneficiary helps expedite payment of your death benefit, many people still benefit from working with an estate lawyer. If you’ve accumulated other wealth or property, you’ll want to make sure it’s distributed according to your wishes, which is typically handled through a will or with the guidance of an estate lawyer. If you do work with one, it’s a good idea to keep a certified copy of your life insurance policy on file with them.
Contact Us Today for Your Appointment
Buying life insurance can provide your family with important financial support after you pass away, and it can also help cover things like college tuition or a mortgage payoff. Our team at F.I.R.E. Leaders Financial will walk you through all your insurance options. Clients in the Eagan, MN, area have come to expect excellent customer service from us. Give us a call to make your appointment today.
