Sample Cases

Assumptions

See Notes Below

Our third example is for a couple, both age 68 who own a $100,000 certificate of deposit for which they paid $100,000. The current interest rate is 6%; the current income tax is 28%. Their taxable estate is currently less than $600,000 and no estate tax is the assumption in this example.

The couple cannot foresee needing this asset and are simply parking it to leave to their children.

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