#insurancetrust

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Boost Trust & Compliance with Audit of Insurance Companies

An audit of insurance audit companies is not just about numbers—it builds trust, ensures compliance, and protects policyholders’ interests. Regular audits help detect risks, maintain financial transparency, and assure customers that their insurer is reliable and ethical. For insurance providers, audits improve efficiency and compliance with regulations, creating a strong foundation for long-term growth. Whether you are an insurance business or a policyholder, understanding the value of audits is key to financial safety and confidence.

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How Life Insurance Works in Divorce - Protecting Your Children Pt. 2

How Life Insurance Works in Divorce

At Taroff & Taitz, LLP, we understand your need to keep certain assets out of your taxable estate. That is why on your death, your life insurance policy could be funneled in to an insurance trust, this makes sure that your children will get the most benefits out of your policy. Taroff & Taitz, LLP's expert estate planning attorneys are uniquely qualified in trust administration. Contact Tarroff & Taitz, LLP to secure the future for your loved ones. Read the full article

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How Life Insurance Works in Divorce - Protecting Your Children

How Life Insurance Works After Divorce

With your ex-spouse no longer in the picture and your children relying solely on you for financial support, if you die, they have nothing. Without your income, your children have no way to feed or clothe themselves, much less save for college. A guardian, either a relative or someone appointed by the state, will assume the care of your children, but there are still many unknown factors in this situation. The best option is to contact an experienced estate planning attorney you can trust. Taroff & Taitz, LLP's expert estate planning attorneys are here for you in this emotionally and financially stressful time. We understand the issues associated with raising a child on your own and are here to give you the legal guidance and support you need. Contact us today to secure the future for your loved ones. Read the full article

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How Life Insurance Works With Divorce - Protecting Child Support & Alimony Part 2

How Life Insurance Works With Divorce

Another plus side to the recipient owning the life insurance policy is that the payor spouse cannot change the beneficiary designations. In this case, the payor would be insured under the plan, but the receiving ex-spouse would be listed as an owner. This does not mean that the receiving ex-spouse has to pay the premium. The insurance trust attorneys at Taroff & Taitz, LLP recognize your need to keep the funds from your life insurance policy out of your taxable estate. This can be done by funneling those funds into an insurance trust. Our team of highly experienced insurance trust attorneys is uniquely qualified in the area of insurance trust administration and the setting up of insurance trusts. Our mission is to preserve the legacy you have created while ensuring that your loved ones are taken care of after the one insured under the policy passes. Contact Taroff & Taitz, LLP to secure the future for the ones you love. Read the full article