Life Insurance in Contra Costa County

San Ramon Estate Planning Lawyer

When planning for the future, one aspect you should consider is whether you need life insurance. Although it is not necessary, it could be extremely beneficial in situations where there are young children or dependents. In cases involving a will, the deceased's possessions will be divided amongst the beneficiaries. If the deceased had a life insurance policy, the family members left behind will immediately receive the proceeds. This could be beneficial as it could help them pay for funeral and burial expenses as well as help with lost income.

So how do you know if you need to take out a life insurance policy? First, you need to consider how many people depend on you financially. If you are the main income-earner in your family, life insurance could help support your family. For situations where no one relies on you financially, you likely do not need to take out a policy. If you do have dependents, it is important to determine what their living expenses are and whether the proceeds of your property would be enough to cover them. The age of your dependents is another important factor. How long before they can provide for themselves? Will your spouse go back to work? These are all questions you can ask yourself when trying to determine whether to take out a life insurance policy. Get answers from a San Ramon estate planning lawyer at the firm.

Contact a Contra Costa County probate attorney to learn more!

With plenty of experience in estate planning, contact the team at Santaella Legal Group, APC if you need help determining whether you need life insurance and what type of life insurance is best in your situation.