widow's resources or be paid for them by an outsider. What catalog of outsider will step up and pay the obligations, mortgages, and taxes other than a life insurance trade association?

Other than life insurance proceeds what the other available sources for hard money at death are there?

Your widow might have the property in her savings account and investments. She could take that resources, balance you worked hard to set aside after income taxes and pay off the mortgages, bank loans, and other obligations. Then what would she do for her security?

Do you really want her to have to use that cash reserves, life savings that cost so much to create? Is this how you want her to remember your joint-stock company acuity? Especially when you could have bought the bankroll she'll need for pennies a piece with life insurance? What will she and your mother in law and your kids cogitate of you if you leave them like this?

In addition there is a huge cost for using your savings and investments for paying your final expenses. First you had to earn the liquid assets and pay income taxes on it. Then you had to set enough of it aside regularly and long enough for the compound growth of interest or stock appreciation again probably paying income taxes on the earnings.

The desirable spot you do as a saver and investor, the more bank account your widow will lose when she has to convert into cash your hard earned savings and investments to pay your debts and parting expenses.

I am not going to go waste any more and more time dealing to those of you who were successful enough to sock enough dinero away that your widow could pay your terminal expenses from the investments you have created. You are much too smart to dump these hard earned dollars on your final expenses.

Or your widow can sell some of your assets to raise the pounds she'll urge to pay creditors, taxes, and company commitments.

If you are like most organization owners, 75-90% of your personal assets are tied up directly or indirectly in your holding company. Selling assets to pay taxes and debts means selling line of business assets. Selling commercial enterprise assets means that they are nein longer available as part of the income generating machine.

Selling income producing assets and losing their corresponding ability to serve the concern grow in order to dispense your family's continuing security seems stupid to me. If you are a successful business owner you did not produce that methodology by making stupid decisions.

Making your widow sell organization assets, close out her stockpile, or sell off the investment portfolio to pay debts, taxes, and other known and unknown terminal expenses just is not the answer. Not if you want you widow and orphans to remember you as a successful caring father and husband. If you do not care how they remember you let them wipe out these holdings to keep your recommitments and pay off your debts.

There is one other option that is potentially available. Maybe your widow could borrow the fund. Take your wife with you to the bank tomorrow and talk to your banker. Communicate him your plan. Instead of buying life insurance to pay your loans and mortgages you are going to instruct your widow to come to the bank after your funeral, whether it's successive week or decades in the future.

She will want to extend the current line of credit, continue to pay on the current loans, and borrow move property in order to pay the rest of the debts you will be leaving behind.

Then sit back and see what the banker has to say. Will they warrant to your proposition, will they sign a be struck down to guarantee it? And what is the rate of interest that they will charge her?

Will she be able to make this work? Is this the point of view you want to put her in?

Or why don't you call your life insurance agent and proclaim him or her that you pore over an transcript that made it clear to you that if you want your mother to be proud of you, your widow not have to look for a new husband, and your kids to remember you fondly, it is time you increased your life insurance to address the actuality to that you have created.

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