In this video I discuss a strategy to leave a specified amount of money to your kids or grandkids income tax free, while at the same time allowing you to feel free to spend the rest. Often times an IRA is not going to be the best account to pass to your heirs since the account will taxed at ordinary income tax rates. No longer can a child stretch an inherited IRA over the course of their lifetime. They must now take out all the money in 10 years. This strategy discussed here includes using Guaranteed Universal Life. The planning concept discussed is base on some actual planning I am doing with a client.
16755 Von Karman Ave. Suite #200
Irvine, CA. 92606