No Estate Taxes Sell It Now

A lot of people purchased in the past a 2 nd to die Life Insurance policy to pay estate taxes..The logic of this type of planning was that an irrevocable Life Insurance trust would purchase a Life Plan to pay estate taxes on the life of the 2nd to die of a husband and wife when the estate taxes were due..

If the trust and the life policy was established correctly the Life Insurance Death Benefit would come to the estate tax free to pay of the couple's estate taxes...

Now things have changed BIG TIME when it comes to Estate Taxes today. In the past with proper planning estates over $2,000,000 had an estate tax due.. Recently the estate tax rules have changed so there is no estate taxes due on estates under about $11,000.000.

Now Our President elect Donald Trump, on his campaign trail, talked about eliminating all estate taxes if he were elected president...

So what does this all mean if you have a 2nd to die policy in a trust...Well you probably may not need it now if your estate is under $11,000,000 and wont ever need it if Trump eliminates the estate tax forever...

So if you have a 2nd to die policy sell it now before there is a glut of these policies on the market and their value to buyers are diminished...The more 2nd to die plans that are available to buy the less valuable your policy becomes...

Also buy selling your policy your trust has eliminated the huge premiums needed to pay for that policy that you no longer need or now want...

So if you have a 2nd to die life plan let us evaluate it with a no obligation consultation and see how much more you can obtain for your plan then just cashing it in...

As Always All My Best...

Saul L. Appel CLU ChFC