He wrote an amazing front-page article in 1995 on gene tests that can predict when you will die.
Good estate planning attorneys know how to prepare for contingencies, no matter what the law will say when you die.
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Using tax loss harvesting to defer capital gains taxes is like receiving an interest-free loan from the IRS. Also, if you (and your spouse) are still holding the shares when you die, your heirs will receive a stepped-up basis, and you will have gotten the up-front benefit from tax loss harvesting while avoiding the taxes on the back end entirely.
When you die what will you be known for?
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However, done properly, you pay no gift tax on those payments, and when you die the trust will receive the policy proceeds free of estate tax.
Someday when you die, the trust will receive the insurance proceeds and pay them out to the beneficiaries listed in your trust.
Remember, under federal law, these forms, not your will, govern who gets retirement money when you die.
In fact, a software developer recently created an app that will send out your final wall posting when you die, letting everyone know what you really think of this life.
First, by the corporate income tax, then again by the individual income tax through the tax on dividends, then if you sell the capital investment, through the capital gains tax (which taxes the increase in the present value of the future income stream to the investment, which will be taxed again when earned), then when you die, by the death tax.
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And when you do die, events that transpired before your death will remain in place.
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If you don't pay the premiums, your policy could lapse, and your spouse will end up with neither life insurance nor a pension when you die.
When you die, the terms of the trust, not a will, govern how assets get passed on.
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