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Strategies & Market Trends : Estate Planning

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To: SI Bob who wrote (5)	1/15/2005 11:52:56 AM
From: Cisco	Read Replies (1) of 79

Speaking of insurance. This brings another question to mind. I debated whether to make the benefits directly payable to my children or to the trust. In my case I will probably make it payable to the trust since I need it to be more liquid to cover expenses and to allow my successor trustee more time to sell off assets. The one danger here as I see it is that should I die in a car accident and a lawsuit is brought against my estate, I assume that benefit monies will be fair game. As to the fire you mention. I have been thinking about the possibility of being killed or incapacitated in a house fire. Would my important documents survive? Suze Orman gives you a water proof plastic case to keep them in. Give me a break!!

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