Benefits

Benefits
Having a succession plan, such as the one StateTrust Life and Annuities offers, is having a secure, fast and effective tool to protect an estate built through hard-work over the course of a lifetime.

Consolidating estate assets under a solid financial structure ensures that both family members and beneficiaries will not be affected by potential liabilities, legal issues and/or family conflicts.

The benefit of having a succession plan is clear: StateTrust Life & Annuities provides the best plan for you to insure your children or beneficiaries through an orderly, rational process of asset transfers.
A secondary set of benefits involves avoiding the high costs associated with succession. There are several issues at stake when transferring assets:
  • Attorneys’ fees
  • Verification of letter of wishes.
  • Repayment of debts and taxes upon death.
A succession plan at STL is designed to reduce those costs, and to facilitate the entire estate transfer process.