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See Notes Below
If we purchase a lifetime joint & 100%
survivor immediate annuity with this $100,000 (if there were
surrender charges, we would have less to reinvest), we could have
an income of $7,823 per year. Subtract the tax from the $7,823
and have a net payment of $6,417.
We suggest that the $4,170 be given annually to a trust or to
the children to pay the premium on a joint & survivor life policy
owned outside of the estate. The policy illustrated has a face
amount of $265,330. The long term care premium is $2,247. Total
long term care benefit available to the clients is
$438,000. |
