Do you have 1 million dollars in assets, or are you in a position where you reasonably expect to have 1 million or more in assets upon your death? Do you have other life insurance policies?
Estate tax, which currently is on vacation for this year, will most like have a 1 mill deduction beginning next year. So if the life policy is primarily the money in your estate right now, you've got $900,000 left to go before you even have to start getting nervous.
If you are married and you have assets that can be divided between you and your wife, you'll more efficiently be able to make use of both estate tax exclusions (the 1 mill).
Posted: Mon Aug 02, 2010 01:29 pm Post Subject:
Well, I guess here we have some information missing. So, it would be better once we have all that you'd like to share with us. Please post your message within the "message body".
Posted: Mon Aug 02, 2010 02:31 am Post Subject:
Do you have 1 million dollars in assets, or are you in a position where you reasonably expect to have 1 million or more in assets upon your death? Do you have other life insurance policies?
Estate tax, which currently is on vacation for this year, will most like have a 1 mill deduction beginning next year. So if the life policy is primarily the money in your estate right now, you've got $900,000 left to go before you even have to start getting nervous.
If you are married and you have assets that can be divided between you and your wife, you'll more efficiently be able to make use of both estate tax exclusions (the 1 mill).
Posted: Mon Aug 02, 2010 01:29 pm Post Subject:
Well, I guess here we have some information missing. So, it would be better once we have all that you'd like to share with us. Please post your message within the "message body".
Posted: Mon Aug 02, 2010 02:00 pm Post Subject:
Hi, may I know which state you're from?
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