Sample Cases

Assumptions

See Notes Below

Our fifth 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.

The couple does not currently own long term care insurance coverage.

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