Estate Planning 101: Life insurance and inter vivos trusts
30 November 2020, Johnny Davis
Some young professionals are lucky in the sense that mom and dad could help buy them that first car, or... even that first house if you are really privileged. For the rest of us, the well-known concept of debt is a necessary evil to get us on our way. In the event of your passing, the purpose of a life insurance policy is simply to save your loved ones the headache of that monthly car or house instalment and also to pay the taxman who comes knocking.