User Account

All Pages

Designation for respective life insurance policies

Assignment Help Finance Basics
Reference no: EM131983358

John age 38, and Mary age 35 have limited assets at their stage in life. Other than a home (with a big mortgage), IRA and 401 (k) accounts, and some personal property, they have some cash and investments. They each individually have a $1,000,000 life policy with each other as primary beneficiary and their children (ages 8 and 10) as secondary beneficiaries. Which is the most appropriate beneficiary designation for their respective life insurance policies?

a. Leave unchanged

b. Change the primary beneficiary to the children

c. Set up a revocable living trust with applicable credit provisions and name the trust as the beneficiary

d. Set up a testamentary trust with applicable credit provisions and name the trust as the contingent beneficiary

Reference no: EM131983358

Questions Cloud

He was donor/custodian of grandson : Mr. Thomas has recently died. He was donor/custodian of his grandson's UTMA account. Is the custodial account value included in Mr. Thomas' gross estate
Discuss some of the tools and techniques for managing change : An organisation is operating in a sector undergoing a period of turbulent and transformational change. Discuss some of Tools and Techniques for Managing Change
When investors say that the market is efficient : When investors say that the market is efficient, they mean that. The consumer durables sector tends to perform well when.
When can gi begin to amortize its start-up expenditures : When can GI begin to amortize its start-up expenditures? Which of the cost described above, if any, are start-up expenditures?
Designation for respective life insurance policies : John age 38, and Mary age 35 have limited assets at their stage in life. Other than a home (with a big mortgage), IRA and 401 (k) accounts
What was franks taxable gain assuming sec was elected : The state paid him 260,000 and he bought similar replacement property for 220,000. What was Frank's taxable gain assuming Sec 1033 was elected?
Share and the alternative valuation : Mrs. Thomas inherited stock from her father some years ago when the FMV was $20 per share and the alternative valuation was $18.
Calculate the semiannual payments : Suppose a loan of $6965 is borrowed from a bank at 7.1% nominal annual interest rate and is to be paid back during 5 years. Calculate the semiannual payments.
Perform horizontal and vertical analyses of the statements : PACC6000 - Financial Accounting - calculate and analyse financial ratios using actual reported data and perform horizontal and vertical analyses

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd