E S T A T E   D I S T R I B U T I O N   F L O W C H A R T

 

 

(Tammy Predeceasing Mathew on Dec 31, 2007)

 

 

 

 

 

 

 

 

 

The McCartheys

 

 

 

 

 

 

 

 

-At Tammy's Death-

 

 

 

 

 

 

 

 

 

Simple Will Mathew

 

 

 

 

 

 

 

 

Gross Assets -T

 

 

Sample Plan

 

 

$1,170,882

100.0%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Estate Tax

                          0

 

 

 

 

 

Shrinkage

$0

.0%

 

 

 

 

 

 

 

 

 

 

 

Remaining Assets

 

 

 

 

 

 

$1,170,882

100.0%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Left to Mathew

/

\

Left to

 

 

 

$1,170,882

\

/

Trust and Heirs

 

 

 

 

 

 

$0

 

-When Mathew Dies-

 

 

 

 

 

 

 

 

 

 

 

 

Own Assets - M

 

 

 

 

 

 

$1,438,110

 

 

 

 

 

 

 

 

 

 

 

 

Gross Assets

 

 

 

 

 

 

$2,608,992

 

 

 

 

 

 

 

 

 

 

 

 

Debt

$464,726

 

 

 

 

 

 

 

 

 

 

 

 

Estate Tax

                  64,920

 

 

 

 

 

Shrinkage

$529,646

20.3%

 

\

/

 

 

 

 

 

Available To

 

 

 

 

 

 

Trust & Heirs

 

 

 

 

 

 

$2,079,346

 

Remaining Assets

79.7%

---------->

79.7%

 

 

 

$2,079,346

 

\

 

 

 

 

 

 

/

  Total Shrinkage

 

 

 

 

 

 20.3% From T + M
                                 

An Estate Flow Chart illustrates how assets are distributed at death of either the client or the spouse. Express provides 3 types of will illustrations, a Simple All padding will, a UTC Credit shelter will (A/B will), and an Optimum Will. The advisor can choose what ever year in the future to illustrate the estate tax liability, and can choose to “Sunset” the estate tax or keep it in place. If the advisor chooses a UTC shelter will, Express will fund an A/B will at the death of the first spouse up to the UTC for the given year chosen, based on available liquid assets owned by the spouse who dies first.

 

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