After building an initial estate plan, a husband and wife with a $40,000,000 net worth still had a significant amount of assets exposed to taxation. T...
Wealth Transfer Strategy
February 15, 2016
Estate Liquidity Strategy to Preserve Assets
February 13, 2016
A family owned precious assets that they didn’t want to sell to cover a sizable estate tax bill. Life insurance provided a liquid source of readily available funds to pay the estate tax bill. However, the family did not want to pay premiums out-of-pocket with after tax dollars and trigger gift taxes.
We designed a premium finance solution that:
Eliminated the out-of-pocket expense
Created an opportunity to keep valuable assets on their balance sheet earning a return
Protected the family from creditors, eliminated gift taxes and generated a large income tax deduction in the year it was implemented.