mhuguet's blog

If you have money set aside in a fixed annuity or a CD with the sole purpose of passing it on to your loved ones, you may be missing a huge opportunity to increase your principal. Have you thought about how the money you leave will be paid at your death? Taxes can eat up a large portion and if not prepared for properly, your loved ones could get slowed down by a lengthy and expensive probate process. In general, life insurance passes on income tax-free and in many cases money from life insurance will pass on outside of probate.