Buy/Sell Agreements

[joshril]

Everyone is an exaggeration. A large number of estates are under $100k.

But if it reverts back to the old limit (believe it was $250k) then quite a few folks are screwed.

Yeah... I was definitely exaggerating, but there really are a lot of estates over $1,000,000. You throw inflation into the mix, and without intervention from Congress, things could get nasty for a lot of people. $1,000,000 is a lot less than it used to be...

In agreement that a $250,000 exemption would be completely ludicrous.

 

[ims01]

joshril,

I missed the connection between the Buy/Sell and estate tax. But, most carriers have products that work well to fund buy/sells. Some clients want term and some want UL. American General has a great resource of sample documents that you can give to your client. It often helps to reduce the legal costs for your client.