In this episode, James Campbell speaks with Amy Bloom from Beneficiary Liquidity Plan (BLP) about this innovative estate planning tool that provides beneficiaries immediate access to funds—typically within 24-48 hours of death—without requiring a death certificate. Unlike traditional estate plans that leave families waiting weeks or months to access assets, the BLP creates a bridge of immediate liquidity when it’s needed most.
The conversation reveals how the BLP works through a simple reallocation of existing assets, not requiring additional out-of-pocket expenses. Anyone under 90 qualifies with no medical questions and no exams. The current growth rate of 3.35% is tax-deferred, with benefits paid tax-free to beneficiaries. Amy shares personal experiences that underscore why this coverage is crucial, including her own family’s three-and-a-half week wait for her brother’s death certificate.
For estate planning attorneys, offering the BLP differentiates your practice by addressing a gap other attorneys often overlook.
Key Takeaways:
- Estate planning often overlooks the immediate liquidity gap where beneficiaries cannot access funds for weeks or months
- Nearly 80% of families finance final expenses out of pocket when a loved one dies
- The BLP provides funds within 24-48 hours without requiring a death certificate
- Anyone under age 90 qualifies with no medical questions or exams
- Clients simply reallocate existing assets from non-liquid to liquid positions
- Current growth rate is 3.35% tax-deferred, equivalent to 4-4.5% taxable
- Benefits paid to beneficiaries are tax-free
- Minimum allocation is $2,500 and maximum is $100,000
- The BLP complements traditional estate planning and can prevent loss of assets
- Attorneys can generate additional revenue by reviewing BLP documents
- Implementation includes no cost to attorneys with all marketing materials provided
To add the Beneficiary Liquidity Plan to your practice, book a discovery call at imsrocks.com/apply-BLP.
Video version on YouTube
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