Subtrusts and reversionary interests: a review of current options

Article Abstract:

Subtrusts are commonly used to prevent life insurance proceeds held in qualified retirement plans from being included in the taxpayers estate after death. Subtrusts elect a Special Trustee who becomes the owner of the policy with a person other than the taxpayer named as beneficiary. This method avoids inclusion in the taxpayer's estate but can create reversionary interests. Therefore, two alternate methods are the minimum deposit (MD) or split benefit (SB) approaches. MD prevents the accumulation of cash surrender value and SB uses the accumulated value for a deferred annuity to an heir.

Taxation, Life insurance, Qualified benefit plans

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Attitudes of older adults toward long-term health care options

Article Abstract:

The attitudes of older people toward long-term health care have received little attention despite the increasing number of elderly in nursing homes. A survey of four focus groups composed of 10-12 elderly showed a general negative consensus toward nursing homes as well as worries about losing independency, becoming financial or emotional burdens, impinging on others' private lives and the quality of available care. Most participants preferred some form of in-house care or retirement housing while most thought long-term care insurance was a good idea but believed it was too expensive.

Aged, Elderly, Beliefs, opinions and attitudes, Long-term care of the sick, Long term care

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Planning with executive stock options: maximizing dollars for investment while minimizing taxes

Article Abstract:

A team of financial advisers can help executives use their stock options to diversify assets. These options can also provide a relatively predictable source of income to assist in achieving financial goals. Common options include option exercises, nonqualified options,and incentive stock options. Alternative minimum tax calculations are considerably helpful in determining minimum tax rates.

Stock Options, Personal Taxes, United States, Management, Investments, Executives, Executive compensation

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