BMO Nesbitt Burns
525 8th Avenue SW
|Plan to maximize what you leave to your heirs
Many people don't realize the hidden tax liability in their estate. Here are some of the ways taxes and fees can erode your estate's value:
The role of life insurance
Life insurance can be an important component of your estate plan. When a beneficiary is named, the proceeds from the policy bypass probate fees providing more for your beneficiaries. The death benefit can provide the funds to cover any tax liability. Or it can be used to create a larger estate for your heirs.