#estate-tax

We ran a family-business estate through the calculator — $850,000 in total cash needed against $200,000 in liquid assets leaves a $650,000 gap on a $3,000,000 business, due in cash within 9 months of death.

We ran a $1,000,000 policy through the calculator at a 40% combined marginal estate tax rate — an ILIT saves $400,000, against roughly $24,750 in setup and 25 years of administration cost.