Have you included life insurance in your estate plan?  If you’re sitting down to evaluate your estate planning goals, you’re probably thinking about all of your estate planning needs.  While you may be thinking about the many documents that you will use, you may not be thinking about the use of life insurance.  Life insurance is something that many people overlook when creating their estate plan.

If you want to make sure that your family is always protected, you should consider this planning option.  Take a look the information below to learn more.  If you need help deciding on the right level of life insurance coverage or if you need help with your estate plan, meet with an estate planning attorney.

• How will your loved ones pay past debts after your death?
• Will your loved ones have enough money to survive?
• How will your loved ones pay for current and upcoming expenses?
• Will your spouse have to struggle to take care of the children and work?

If your loved ones rely on your income to get by, it’s important to think about what will happen if your income were to disappear.  If you want to make sure that your family will always have enough money to survive, you should begin purchasing life insurance.  Not only should you have this coverage, but it’s important to make sure that you have enough of it.

When creating your estate plan, talk with your loved ones about this important need.  Your attorney will be able to advise you on the amount of coverage that you should obtain.  He or she can also ask your questions regarding the uses of life insurance and how it fits in with your overall plan.

If you have any questions about your life insurance or estate plan needs, consult with a qualified estate planning attorney.

Ryan, Hicks, Cumpton & Cumpton LLP is a member of the American Academy of Estate Planning Attorneys.