At Cora, we review how your family is protected against risks such as disability, premature death and unexpected lawsuits. We help you formalize a plan to safeguard your family and your assets, in addition to helping you to understand when and how to use insurance to achieve your goals.
Cora Capital Advisors’ independent status ensures that clients you have access to a broad variety of insurance products that can help meet your financial security planning needs. No matter your personal situation—Cora Capital can design a customized plan to meet your precise needs.
As a tax-free lump-sum payment, life insurance can pay for final expenses and debts, as well as provide income for the your dependents. Some life insurance policies also provide tax-advantaged savings that you can draw on to achieve goals such as buying a house or retiring comfortably.
What would happen if you suddenly lost your income stream through a long-term illness or disability? Long-term care and disability insurance products help you maintain your financial independence, lifestyle and your family’s long-term financial security in the event your income is impacted by disability.
Cora Capital Advisors helps you choose a health and dental plan that can help cover out-of-pocket medical and dental expenses for you and your family. These plans are designed to provide various levels of enhanced healthcare protection, depending on your needs.
Trusts are legal entities that can be formed to accomplish various goals. Sometimes these goals are related to objectives you want to reach during your lifetime, and at other times, after your death. Trusts are not the answer to every situation, but under the right circumstances, they can be an integral part of achieving your objectives. Trusts are formed and managed by a document that must be written by an attorney. We are not attorneys and do not write trust documents. We will, however, work with your attorney to ensure that the content of your document is in line with all of your financial goals. At Cora Capital Advisors, we realize that full coordination between advisors is a critical step in avoiding incorrect asset titling and beneficiary designations. Our team approach and collaboration with various professionals helps to guarantee that all of your advisors are working in concert toward the same end.
An ILIT is set up during the Grantor’s lifetime. Generally, the intent of this trust is two-fold. First, it allows for the value of any life insurance policies owned by the trust to be excluded from the Grantor’s taxable estate. Second, it allows for significant flexibility and control over how and when the proceeds of those policies are paid out to beneficiaries.
These trusts, also known as Inter Vivos trusts, are also established during the Grantor’s lifetime. Typically, a living trust is revocable, meaning it can be changed at any time during the Grantor’s lifetime. Primarily, living trusts are adopted to avoid having one’s assets pass through the probate process at the time of their death. Depending on a person’s state of residence and personal wishes, the appropriate use of a living trust can result in significant savings for a person’s heirs.
Charitable Trusts can be set up in many different ways. Depending on an individual’s goals, they can often be used to satisfy significant charitable desires while also achieving a secondary benefit. Typically, the benefit will come in the form of either income tax savings or removal of assets from a taxable estate. This is one area where proactive planning can often help someone achieve a charitable objective that may not otherwise be possible without the accompanying tax benefits.
Retirement Planning,
Risk Management & Insurance,
Sustainable Investing
New Family,
New to Finances,
Young Professional
Asset Management,
Retirement Planning,
Risk Management & Insurance
New to Finances,
Retirement
Asset Management,
Estate Planning,
Retirement Planning,
Risk Management & Insurance
New to Finances,
Next Generation,
Young Professional
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