What does Estate Transfer mean? Read on to discover the definition & meaning of the term Estate Transfer - to help you better understand the language used in insurance policies.
An estate transfer is the conveyance of all the valuable possessions of an individual, such as property, investments, and life insurance, to their heirs. In terms of life insurance, the policy can be transferred as part of the estate in order to avoid an estate tax on the death benefit.
We hope the you have a better understanding of the meaning of Estate Transfer.