Oct 21, 2020
6:44:57pm
6:44:57pm
It's a pretty common estate planning technique... the laws change so often and lawyers are expensive...so a pretty cheap
way to cover estate taxes is to have more life insurance than you need....
If a lawyer is going to cost you $2,500 to draft a trust that will save you $1M is estate taxes... why not just pay $500/year for $1M more of life insurance than you'd otherwise buy.....
If a lawyer is going to cost you $2,500 to draft a trust that will save you $1M is estate taxes... why not just pay $500/year for $1M more of life insurance than you'd otherwise buy.....
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- HarlemCoug
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- Sep 8, 2014
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- May 4, 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