- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Posted on 10/17/18 at 9:06 am to Curdoglsu
Interesting. So she had a qtip that she basically disclaimed two years later? Too bad they didn’t have a closing letter before that...
Posted on 10/17/18 at 9:27 am to BBONDS25
quote:
Interesting. So she had a qtip that she basically disclaimed two years later? Too bad they didn’t have a closing letter before that...
She only lived two years later. They were probably still negotiating the first estate when she died, much less a closing letter.
Had to be other family issues going on there. Wife didn't like the kids, maybe, and wanted to blow it up? Cause that is what she did... all for 2 years of income.
Posted on 10/17/18 at 10:06 am to Ambassador
its a scam. they need to go to an attorney who specializes in estate planning.
Posted on 10/17/18 at 10:23 am to Ambassador
No need to worry about estate taxes unless you and your spouse have over $22.2 M in assets now or over $13 M in 2026.
Posted on 10/17/18 at 10:40 am to Ambassador
Also lol at $1333/ month for $200k in life insurance. How old are they? Paying $20-30k a year for a mil in life insurance in your upper years is pretty normal. But $10,000-15,000/ year for $200k is laughable.
What are the chances the OPs in laws are worth exactly $11,700,000 and have never planned any estate taxes?
What are the chances the OPs in laws are worth exactly $11,700,000 and have never planned any estate taxes?
Posted on 10/17/18 at 11:27 am to baldona
quote:
Also lol at $1333/ month for $200k in life insurance. How old are they? Paying $20-30k a year for a mil in life insurance in your upper years is pretty normal. But $10,000-15,000/ year for $200k is laughable.
Somebody's gotta pay for that commission
Posted on 10/17/18 at 12:18 pm to Spankum
It's a whole life life insurance.
Posted on 10/17/18 at 12:35 pm to Ambassador
I bet the commission on that is awesome... for the planner.
Posted on 10/18/18 at 8:22 am to Janky
Estate tax exemption under the TCJA is $11.18 million per person indexed annually for inflation. This setup is going to sunset at the end of 2025. In 2026, we go back to ATRA levels with the understanding that the $5 million exemption amount has been indexing annually since 2011. Our best guess is that indexed amount will be between $6-7 million in 2026. Portability was enacted under the ATRA and remains in place under the TCJA.
All that being said, a married couple doesn’t have to worry about fed estate tax if they are under $22.2 million today through 2025. In 2026 and beyond, there is a potential estate tax if the couple is over $13 million due to the sunset. The caveat is that a new administration can always change it.
FWIW, I was an EP attorney in private practice for HNW clients before going in house to plan for UHNW clients.
All that being said, a married couple doesn’t have to worry about fed estate tax if they are under $22.2 million today through 2025. In 2026 and beyond, there is a potential estate tax if the couple is over $13 million due to the sunset. The caveat is that a new administration can always change it.
FWIW, I was an EP attorney in private practice for HNW clients before going in house to plan for UHNW clients.
Popular
Back to top
Follow TigerDroppings for LSU Football News