I met Mr. Sears at his law firm in Irvine, Calfiornia. He helped me set up a family trust. We spent a few hours on estate planning. He explainned to me about the life insurance trust which I needed. He said a life insurance trust is simply a document that acts like a very private and secure box into which you place your life insurance policy. The advantages of having a life insurance trust is:
1. Reduces your estate tax
2. Controls the pay out to beneficiaries
3. Use an independent trustee
4. Provides for spouse and children
5. Private document and it is not a public record instrument
6. Upon your death, no lengthy and expensive probate
7. Can designate all beneficiaries and determine distribution
8. Keeps disgruntled and disinherited heirs away from your assets
I am very pleased with his services and would certainly recommend him to others. You will be amazed about his services and his fees are very reasonable.
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