Imagine you are a rancher in Montana. A successful rancher. A smart guy. You raised a family with a couple kids who loved growing up on a Montana ranch. You created a great life for your family and now, you are looking thinking of the future when you are no longer around and not sure where to turn.
Kids are grown, with Bill, working the ranch alongside you. This is his livelihood and he is looking forward to taking over the reins when the time comes. Kerri has decided she likes the East Coast lifestyle after college and has decided to stay out there and opened up a design business.
As we sit down to work on your plan, we figure out your ranch is worth $5 Million. A great legacy that has been built through hard work and making the right decisions. The problem comes in when, the time comes, how do you divide up the ranch to make sure Kerri gets her inheritance and Bill gets to continue to live on the ranch.
One outcome, which, is not favorable, is to have Bill sell the ranch, so, Kerri can get her $2.5 Million. Bill’s life would be affected drastically. Another alternative is to create a life insurance program, that, upon your death, $2.5 Million gets transferred to Kerri, tax free, and Bill keeps the ranch.
These are the things that I can take care of for you. We can create a plan that would protect your kids and continue your legacy you have worked so hard to build and protect. The question is, when do you want to get started…
Our office, Legacy Insurance Group of Montana, is dedicated to taking care of our clients and building relationships so we can have these discussions. Nobody wants to talk about these things, but, if they don’t plan, the future would not turn out the way they want it to.