Certain insurance-based investments allow your legacy to pass outside the estate entirely. With a named beneficiary, proceeds flow directly to your loved ones, privately, typically within weeks rather than the months an estate settlement can take. Payments can also be structured over time for beneficiaries who need income rather than a lump sum, and a trustee can be named to receive funds for minor children. For families with significant non-registered assets, these features can meaningfully simplify how wealth transfers to the next generation.