Wealth Release
Do you have a particular asset sitting in your financial portfolio with which you really can’t decide what to do - you want to leave it to the children, but you still have fear that you may need it for your own retirement purposes. You aren’t sure whether to invest in an income producing asset or position the money in a plan that will leave it in the most efficient manner to your heirs. What is the best investible asset to position the money in to achieve either goal? One answer is to diversify into a program that can achieve both goals at the same time - guarantee the asset for your children and at the same time allow you to spend up to 75% of its value.
Solution:
Diversify the asset and “release” a portion of it. They can transfer $250,000 into a last to die life insurance policy on themselves. At their deaths, the policy will provide a $1,000,000 death benefit to the their children - tax free. John and Mary can now spend the other $750,000 as they wish knowing they have guaranteed that the children now have “their” $1,000,000 in heritance guaranteed.
Example:
John (age 70) and Mary (age 65) Client have $1,000,000 sitting in an account they want to leave for their children, but also may need some or all of it for their own retirement needs.
Contact us for a complementary, no obligation analysis of your personal situation and a proposal on how best to implement this program to maximize the value of your annuities for your heirs should it be appropriate for your estate planning needs.
