The attached piece from M Financial provides useful information as to how insurance can help both those who have fully utilized their lifetime exemptions and those who didn’t feel quite secure enough to “pull the trigger” get to a more beneficial spot. The discussion includes:
- Using single-life insurance to protect each spouse against the death of the other, while also providing for estate tax liquidity.
- Preserving three-fourths of both spouses’ exemptions while protecting the gifting spouse from loss of access in the event of the death of the other.
- Using cash flow from both existing SLATs instead of from the clients’ remaining personal assets to invest in survivorship insurance.