Estate Planning Uses For Life Insurance

4823 Old Kingston Pike,Knoxville TN 37919

25 January, 2022

Description

Join The Trust Company of Tennessee for a hosted presentation of Cannon Financial's 2021 Teleconference series. Hosted at The Trust Company of Tennessee's Knoxville office with limited attendance for safety. Boxed lunches will be served for those attending in person beginning at 12 pm. Socially distanced seating is available in our conference room for a limited number.If you are interested in attending virtually, we are exploring options for your participation. Please contact Lindsay Cates for additional options at [email protected]. Life insurance is an enigma, and much misunderstood, in the estate planning world. Some clients (and their advisors) love it; others hate it. In any event, the thoughtful approach to life insurance is that it is neither the solution to be uncritically accepted for all estate planning needs, nor should it be irrationally avoided in all situations. In sum, it has its place. In this teleconference, we will address various aspects of life insurance in estate planning, including the following: Different Types of Life Insurance Numerous Purposes for Life Insurance in a Variety of Contexts Structuring Ownership Arrangements and Beneficiary Designations Selected Tax Consequences Flowing from Policy Transfers and Receipt of Proceeds Life Insurance Trust Administration Challenges The Trust Company specializes in helping individuals, businesses, and foundations reach their financial goals and prepare for retirement.