| Message: | | some sort of taxation....of course there are ways to plan for it, example
we just did a LI policy for $2,000,000 to pay for estate tax that will be due upon death of couple. without going into all the details...put simply, their annual premium will be about $40,000 a year......they are 58 and 56 years old......so, what would they rather do....pay $2mil out of their assets when they pass (they do have that option, of course the heirs get less), or do they purchase a policy that pays the tax for them upon their death..(to break even so to speak, they'd have to live for 50 more years (not likely, but could happen)
so, when they pass, and they will....estate tax bill will be an estimated $2mil.....however, since the policy will pay for it, it will allow them to pass the assets to their heirs...
they aren't posh 4th generation money....just a couple who has saved over their years, and been able to accumulate assets. they still work, and neither will retire.
| |
© 1997 -
2008
Jump Internet Inc. All rights reserved.
