Basically, it is a twofold plan:
- Instructions that YOU give now to ensure that YOUR wishes are carried out while you are alive and after death. By planning in advance and naming the people or organizations you want to receive the things you own after you die you will make things much easier on you and your family by avoiding unnecessary taxes, legal fees, court costs and months to years of court battles.
- Tools to help maintain or grow your estate while you are alive and after death that usually involves different life insurance policies, IULs and Annuities.