In a recent episode of her “Women & Money” podcast, financial expert Suze Orman discussed a listener’s question about using life insurance to resolve a family estate issue. Scott, the listener, wrote that his father had passed and his mother had put their $750,000 home into a transfer on death (TOD) account for Scott and his two sisters. One sister expressed that she didn’t want any part of the property and wanted to receive her share in cash. So, Scott’s question was: Can I take out a life-term policy for my mom so I can cover the cost of buying out my sisters? Or is that immoral? Don’t Miss:…
