Use Whole Life Insurance to Avoid Estate Taxes?

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.6 • 2.8K Ratings

🗓️ 21 September 2018

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

There’s a whole industry on avoiding estate taxes. Should I use whole life insurance to avoid estate taxes? Tune in to this week’s mini-episode of The Money Guy Show as we discuss how whole life insurance is being used for estate planning.

For more details, please visit the show notes on our website:

https://www.moneyguy.com/2018/09/use-whole-life-insurance-to-avoid-estate-taxes/

Transcript

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0:00.0	There's a whole industry on avoiding a state taxes.
0:04.3	It really scares a lot of people.
0:06.0	We're also going to do a case study on whole life insurance.
0:09.2	It's going to be fun.
0:10.5	It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,
0:17.5	investing, taxes.
0:19.4	You've got financial questions.
0:21.0	He's got financial answers.
0:23.0	It's Brian Preston, the money guy.
0:26.4	Recently, I had a client who asked us to look at this whole life insurance proposal.
0:31.6	By the way, I know you're trying to let us slide, but I saw what she did there.
0:35.5	I saw the whole industry.
0:37.6	I'd like to, because I know we talked about this.
0:41.0	I didn't mean to do it.
0:42.7	You're so good that you come up with quips and ponds.
0:44.8	No, my brain has this subliminal stuff that's going on.
0:47.4	By the way, if you're just tuning in for the first time, this is the money guy show.
0:50.7	Welcome Money Guy family.
0:51.7	I'm your host, Brian Preston, Mr. Bo Hanson.
0:54.0	Check us out, money guy.com.
0:56.6	In all seriousness, we really did have a client who brought us an insurance policy, a whole
1:01.4	life insurance policy and said, hey, guys, I had somebody put this in front of me and
	...

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