Life Insurance – The Ultimate Estate Planning Tool
How does life insurance fit into estate planning? It delivers tax-advantaged liquidity that passes outside probate, straight to your beneficiary, explains estate attorney Andrew Dósa. That cash can cover bills so heirs aren't forced to sell illiquid property under duress. One caution: naming just one of several children skews an equal plan—better to name all as payable-on-death beneficiaries.
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Answered by Andrew Dósa · Tacoma, WA and Oakland, CA
Highlights
Frequently Asked Questions
How does life insurance fit into estate planning?
It delivers tax-advantaged liquidity that passes outside probate straight to your beneficiary, buying the executor time to manage assets.
Why does that liquidity matter?
Because the cash can cover bills so heirs aren't forced to sell illiquid property under duress.
What's the pitfall with beneficiaries?
Naming just one of several children skews an equal plan—better to name all as payable-on-death beneficiaries so the split stays fair.
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