Walter Bristow has an interesting post at his blog. The post is titled "A Tale of Oranges and Estate Planning." In his post, he compares the different aspects of an orange to the different needs beneficiaries have in terms of estate planning. Then he continues to make an analogy that with the use of life insurance, one can make sure there is enough "juice" for all the beneficiaries, as well as the IRS.He writes "If the answer to both questions is the juice and there's not enough juice for both family and the IRS (and other creditors), it's clear that someone is not going to be happy. If preventing that conflict is important to you (and not everyone feels it is), you will want to look for a way to make sure there will be enough juice for everyone."
It was a good read, so go check it out here.
-Christopher J. Berry, Esq.
Michigan Estate Planning Lawyer
