Case Study: Estate Planning

Richard and Georgia worked hard all their lives and have built up a substantial estate that is worth more than $10 million. They want to make sure they have enough for themselves of course. But they also want to pass along as much as possible without incurring estate taxes or probate. I would run a plan to determine how much money they really need during their lifetimes. Then I would meet with their estate planning attorney. If the estate planning attorney’s steps were sufficient, that would be the end of the conversation. If not, we would consider using life insurance to pay the estate taxes.

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This case study is for general information only. This is not intended to be used as the basis for decision-making. You should speak to a qualified professional before making any investment decisions.