Burr-Law - Estate Planning Lead Magnet - Flipbook - Page 8
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Life Insurance and Long-Term Care
Planning
Life Insurance
Life insurance can provide financial support
to your beneficiaries, cover estate taxes, and
fund buy-sell agreements. Evaluate your
insurance needs and consider the appropriate
type and amount of coverage.
Long-Term Care Insurance
Long-term care insurance can help cover the
costs of long-term care services, such as
home health care, assisted living, and nursing
home care, preserving your assets for your
beneficiaries.
Charitable Giving
Protecting Your Digital Legacy
Donor-Advised Funds
A donor-advised fund (DAF) allows you to
make charitable contributions, receive an
immediate tax deduction, and recommend
grants to your favorite charities over time.
Inventory of Digital Assets
Create a comprehensive inventory of your
digital assets, including login credentials and
other relevant information.
Charitable Trusts
Charitable trusts, such as charitable
remainder trusts (CRT) and charitable lead
trusts (CLT), can provide tax benefits and
support your favorite charities while
benefiting your beneficiaries.
Private Foundations
A private foundation is a charitable
organization that you can establish to
support your philanthropic goals and leave
a lasting legacy.
Accessing and Transferring Digital Assets
Designate a digital executor or provide
instructions in your estate planning
documents regarding the management and
disposition of your digital assets.
Digital Legacy Planning
Consider the preservation of your digital
legacy, such as personal photos, videos, and
writings, and provide instructions on how
these assets should be managed or
distributed.
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