Your Legacy

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This is a key question. Do you want to leave your estate to family, friends, charity, etc.?

Have you put a plan into place? Are your documents current? What types of documents are appropriate for your estate?*

Life insurance policies, especially those owned by trusts (TOLI) are facing a crisis. 45% of life policies purchased between 1982 and 2003 were non-guaranteed universal life policies. Of those polices 23%-25% are projected to lapse prematurely. Premature lapse undermines estate plans, harms those relying on the proceeds from those policies, and potentially triggers suits against trustees who have not managed TOLI properly. 

Unless reviewed and restructured, many universal life policies will expire before their insureds. With an estimated 90% of TOLI policies managed by non-professional individual’s, policies may deteriorate beyond remediation because no one noticed in time. The non-professional trustees are often a child of the settlor/insured who created the trust and plan acting with little or no guidance from the professionals otherwise involved in the family planning. Rarely does the non-professional trustee retain advisers. 

We can assist you in reviewing and determining the appropriateness of your current coverage an help in obtaining more appropriate coverage where and if necessary.

*Dolcini Capital Management LLC  does not offer legal advice. The information presented is general in nature and for education purposes only.