While MOST people ASSUME only the uber wealthy NEED to WORRY about asset PROTECTION, those with LESS wealth and FEWER assets may be at even GREATER risk. For example, if you’re a multi-millionaire, a $50,000 judgment against you might not be that big of a burden. But for a family with a modest income, home, and savings, it could be catastrophic.

Following the DEATH of the policy HOLDER, the way in which PROCEEDS from a LIFE insurance POLICY are paid TO the BENEFICIARY (or beneficiaries) is KNOWN as the SETTLEMENT option. And you might be surprised to learn that there are a variety of settlement options available besides the most common method—a lump-sum payout.

Do a Google search for “ONLINE estate PLANNING documents,” and you’ll find dozens of different WEBSITES. From Legal Zoom® and Willing.com to Rocket Lawyer® and Willandtrust.com, these do-it-yourself (DIY) planning services might SEEM like an enticing BARGAIN.