Oct 21, 2020
6:29:37pm
6:29:37pm
Interesting factoid: George Steinbrenner had a huge life insurance policy to
cover estate taxes (hundreds of millions), but died in 2010 with no estate tax so his family got to keep it.
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- sonofchet
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- Byron McNertney
- Joined
- Nov 24, 2006
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- May 23, 2024
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I tried to get insured for 10x my annual income, but the insurance company capped at $100 million. Too bad.
10/21/20 6:20pm
It's a pretty common estate planning technique... the laws change so often and lawyers are expensive...so a pretty cheap
10/21/20 6:44pm
10/21/20 6:48pm
10/21/20 7:13pm
maybe I don't follow your point... what happens with my kids and the estate are all spelled out in my will. (aren't
10/21/20 11:10pm
10/22/20 7:59am