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Follow a checklist to help decide what to do with estate life insurance

October 20, 2014

Before recent changes in estate laws, it was common for attorneys, financial planners and insurance agents to recommend purchasing life insurance — commonly called survivorship life — in an irrevocable trust designed to provide liquidity at the death of yourself and your spouse. That was then. This is now.

Today, more taxpayers, i.e., those with combined estates less than $10,600,000, no longer have to worry about the big slice of taxes on your accumulated assets when you and your spouse pass away. The question is then — why keep the life insurance you bought for that purpose if the need has vanished?

Field Facts

OPAF announces Hanger Clinic sponsorship

October 20, 2014
Hanger Clinic is the latest company to support The Orthotic & Prosthetic Activities Foundation as a gold level sponsor.According to a press release, Hanger has been…
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Open Payments search tool released

October 20, 2014
CMS announced it has added a simple search tool to its Open Payments website, which now includes more detailed information.Users can search the database in three ways…
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Mobility Saves campaign shows value of O&P care

October 20, 2014
Steve Custer, communications manager for the American Orthotic & Prosthetic Association, talks about the importance of the Mobility Saves study for prosthetists and…
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Mobility Saves campaign shows value of O&P care

October 20, 2014
Steve Custer, communications manager for the American Orthotic & Prosthetic Association, talks about the importance…
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The Affordable Care Act and amputees

October 13, 2014
Daniel Ignaszewski, director of government relations and development for the Amputee Coalition, discusses the impact…
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George Gondo, MA, speaks at the AOPA National Assembly

September 29, 2014
LAS VEGAS — George Gondo, MA, director of research and grants for the Amputee Coalition, spoke about the BMI…
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