Estate taxes can have a devastating effect on the wealth created and built over an individual’s lifetime. Unfortunately, most successful people are so focused on creating wealth that they have little time left to focus on wealth preservation. Life Strategies is an estate planning strategy designed for high net worth individuals who want to protect wealth.
With Life Strategies, the client finances a life insurance policy that is used to cover future estate taxes. Instead of paying premiums out of pocket, clients simply need to pledge collateral. This results in providing clients with greater control over their assets, more growth potential for their assets, and more money potentially left over for future generations.
Life Strategies also allows families more options and fexibility for succession planning, buy-sell agreement, and key man applications. It is one of the most well-designed and comprehensive solutions on the market for high net worth individuals.