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Oct 21, 2020
6:29
:37
pm
Byron McNertney
Solid 6 (8 if you're drunk)
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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Byron McNertney
Previous username
sonofchet
Bio page
Byron McNertney
Joined
Nov 24, 2006
Last login
Apr 26, 2024
Total posts
57,185 (13,785 FO)
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Messages
Author
Time
I tried to get insured for 10x my annual income, but the insurance company capped at $100 million. Too bad.
CSoul
Intervention Needed
10/21/20 6:20pm
Humblebrag fail.
Endocoug
10/21/20 6:26pm
Tonight I'll write it all up in detail when I'm flying on my completely paid for Gulfstream G550
CSoul
10/21/20 6:29pm
Humble of you to keep the G550 instead of wasting money on the new G650.
Hodor
10/21/20 6:49pm
That’s ok. Go fund me will pick up the slack
jollaksentie
10/21/20 6:27pm
Interesting factoid: George Steinbrenner had a huge life insurance policy to
Byron McNertney
10/21/20 6:29pm
RE: Interesting factoid: George Steinbrenner had a huge life insurance policy to
CSoul
10/21/20 6:31pm
It's a pretty common estate planning technique... the laws change so often and lawyers are expensive...so a pretty cheap
HarlemCoug
10/21/20 6:44pm
Are you saying you don't have a will / trust?
ebv
10/21/20 6:46pm
I have both now... but for a long time I just had a will and extra life insurance.
HarlemCoug
10/21/20 6:48pm
Hrmm. Risky with regard to kids and what happens to the estate if your wife dies
ebv
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
HarlemCoug
10/21/20 11:10pm
Wills typically only distribute property and don't appoint trustees who can take
ebv
10/22/20 7:59am
interesting... I don't have the issue now because I've updated my previous strategy... my previous will assigned
HarlemCoug
10/22/20 10:20am
No worries--I was genuinely curious. Good dialogue.
ebv
10/22/20 1:03pm
Are you sure the reason isn't actually just death cash flow management?
Megamind
10/21/20 7:58pm
The Association of Advanced Life Underwriters (life insurance trade org) is
hansel
10/21/20 6:59pm
I bet there's a way you can appeal
HoustonCougar
10/21/20 8:56pm
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