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Strategies & Market Trends : Tech Stock Options
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To: ViperChick Secret Agent 006.9 who wrote (40007)4/16/1998 2:06:00 PM
From: Tom Trader  Read Replies (1) of 58727
 
>>you must be the same age as my mother ;-)

Well then--you must have a very young mother:)

>>are you setting up an insurance trust to pay for the taxes....
that is one thing I am trying to get her to do...<<

Several trusts--basically, the idea is that NO estate taxes are paid at all--no matter what the size of the estate. This would be achieved through a couple of irrevocable life insurance trusts, the use of Crummey and the establishment of a charitable trust where the non-exempt portion of ones estate would go with beneficiaries having a life interest.

Amazing what estate planning can do -- this of course assumes that there will be an estate left when I am done with the market -- or to be more precise the market is done with me:)

>>if so...let me know if you see an excellent product out there for that... or if anyone else out there has seen one...<<

Need to know more about your mother's situation to really advise you meaningfully eg, insurability, beneficiaries, etc. But I'll be happy to let you know about some products at a more generic level, once I am done with my research.

>>although i have to tell you one of my favorite ideas is to own an insurance policy on my mother...it doesnt go through the estate for
taxes....<<

That is where Crummey comes into play--but has to be carefully structured

>>of course I cant talk her into that idea yet...(yeah, she would have to pay the premium!)<<

Just show her an example of how much estate tax would be paid without estate planning and ask her if she would not rather have you get the money rather than the government. A very effective ploy.
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