Background: Divorced and retired female age 66 had significant cash assets invested in non-qualified annuities. Currently in a zero income tax bracket. She needed income in four years when her alimony ends. She wanted to provide a larger portion of her estate to her daughter as ex-husband had given the family business to the son. …
Case Studies
Retirement Income Fears & Strategies
Background: A couple was retiring at age 59/58 and were concerned about income planning and risk management as they transitioned into creating their own pay check versus working for one. The market volatility has been causing additional stress in the decision making process. Our Case: The couple had saved up roughly $650,000 in retirement assets …
A Tax Effective Tender
Background: Clients were moving through our PathWise Comprehensive Financial Planning Process. During that process as they were evaluating which recommendations to implement, a stock in which client held considerable shares entered into negotiations to be sold for cash to another company. Our Case: What we had recommended as a systematic diversification of this stock over …
Beyond Estate Taxes Estate Planning
Background: A husband and wife had retired and were enjoying financial independence. The husband and primary bread earner passed on rather suddenly and the estate plan developed came to the forefront. Our Case: One of our clients has been enjoying retirement for many years. We had previously established several financial strategies that would act to …
Trusted Owned Life Insurance (TOLI) Review
Background: Changes in the Federal Estate Tax laws combined with changes in Life Insurance products has made reviewing existing Trust Owned Life Insurance (TOLI) policies something that everyone should be doing. Our Case: One of our clients has been “short pay” funding a life insurance policy over the past fifteen years. The policy was designed …
Hypothetical Estate Issue During 2011 & 2012
Goal To take advantage of a temporary Estate Tax without making the decision to “pass away.” Facts Congress passed a late hour Estate Tax reform in the final days of 2010. Basically it allows families with up to $10,000,000 of assets to totally escape Federal Estate Tax issues if they pass away in the next …
