Flow Chart of Options
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1 Flow Chart of Options Results - End Year 1 - No Additional Planning Taxable Estate Current Estate $15,450,000 $15,450,000 Total Potential Tax Liability ($3,185,527) $12,264,473 Results - End Year 1 - Life Insurance Planning Taxable Estate Life Insurance Policy (Premium) Current Estate $15,381,530 ($68,470) $15,450,000 Total Potential Tax Liability ($3,185,527) Life Insurance Death Benefit: $5,000,000 $17,204,597
2 Results Year Summary of Results Ages Taxable Estate No Additional Planning Total Potential Tax Liability Credit Shelter Trust Taxable Estate Planning with Life Insurance Total Potential Tax Liability Credit Shelter Trust Plus Life Insurance 1 66 / 66 15,450,000 (3,185,527) 0 12,264,473 15,381,530 (3,176,933) 5,000,000 17,204, / 70 17,389,111 (3,818,285) 0 13,570,826 17,320,641 (3,919,288) 5,000,000 18,401, / 75 20,158,746 (4,734,872) 0 15,423,874 20,090,276 (4,972,861) 5,000,000 20,117, / 80 23,369,511 (5,834,391) 0 17,535,121 23,301,041 (6,209,359) 5,000,000 22,091, / 85 27,091,669 (7,136,391) 0 19,955,278 27,023,199 (7,648,333) 5,000,000 24,374, / 90 22,278,792 (8,213,117) 9,127,876 23,193,552 23,751,594 (8,750,906) 12,227,308 27,227, / 91 22,947,156 (8,513,127) 9,401,713 23,835,742 24,466,196 (9,060,153) 12,377,755 27,783, / 95 25,827,227 (9,822,763) 10,581,711 26,586,174 27,545,513 (10,410,164) 13,030,809 30,166, / ,940,834 (11,713,286) 12,267,103 30,494,651 31,943,705 (12,359,779) 13,975,442 33,559,367 40,000,000 35,000,000 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000, / / / / / / / / / 100
3 State Estate & Inheritance Tax Analyzer - No Additional Planning Estate Values - Mr. & Mrs. Client Asset Assumptions Assumed of Return Investment/Business Assets 3.0% 15,000,000 Qualified Plan Assets 4.0% 0 Other Assets (Inside Estate) 3.0% 0 Life Insurance (Inside Estate) 0 Total Value of Assets Inside Estate 15,000,000 Other Assets (Outside Estate) 3.0% 0 Life Insurance (Outside Estate) 0 Total Value of Assets Outside Estate 0 Potential Estate Taxes with No Additional Planning End of Year 1 Life Expectancy (Ages 91 / 91) Life Expectancy +5 (Ages 96 / 96) Projected Value of Assets Inside Estate 15,450,000 22,947,156 26,602,043 Potential State Estate Tax (WA) 1,948,400 4,863,774 5,824,241 Potential Federal Estate Taxes 1,237,127 3,649,353 4,355,121 Potential IRD Taxes Total Potential Tax Liability 3,185,527 8,513,127 10,179,362 Assets Outside Estate (Including CST) 0 9,401,713 10,899,162 Potential Value to Heirs 12,264,473 23,835,742 27,321,843 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 1,948,400 Potential Tax Liability 8,513,127 4,863,774 3,185,527 5,824,241 10,179,362 0 End of Year 1 Life Expectancy Life Expectancy +5 Potential State Estate Tax (WA) Total Potential Tax Liability
4 State Estate & Inheritance Tax Analyzer - No Additional Planning End of Yr Ages Assets Inside Estate Credit Shelter Trust Other Trust Owned Assets Total Estate & Trust Value State Estate Tax Federal Estate Taxes IRD Taxes Total Taxes Total Value to Heirs % of Estate & Trust to Heirs 1 66 / 66 15,450, ,450,000 1,948,400 1,237,127-3,185,527 12,264, % 2 67 / 67 15,913, ,913,500 2,024,700 1,309,498-3,334,198 12,579, % 3 68 / 68 16,390, ,390,905 2,104,181 1,386,285-3,490,466 12,900, % 4 69 / 69 16,882, ,882,632 2,186,526 1,467,695-3,654,221 13,228, % 5 70 / 70 17,389, ,389,111 2,271,822 1,546,463-3,818,285 13,570, % 6 71 / 71 17,910, ,910,784 2,360,157 1,630,138-3,990,295 13,920, % 7 72 / 72 18,448, ,448,108 2,447,622 1,719,622-4,167,244 14,280, % 8 73 / 73 19,001, ,001,551 2,538,310 1,814,305-4,352,616 14,648, % 9 74 / 74 19,571, ,571,598 2,632,320 1,906,955-4,539,275 15,032, % / 75 20,158, ,158,746 2,729,749 2,005,123-4,734,872 15,423, % / 76 20,763, ,763,508 2,830,702 2,108,970-4,939,672 15,823, % / 77 21,386, ,386,413 2,935,283 2,218,665-5,153,947 16,232, % / 78 22,028, ,028,006 3,043,601 2,327,007-5,370,608 16,657, % / 79 22,688, ,688,846 3,155,769 2,441,554-5,597,323 17,091, % / 80 23,369, ,369,511 3,271,902 2,562,488-5,834,391 17,535, % / 81 24,070, ,070,597 3,392,119 2,689,999-6,082,119 17,988, % / 82 24,792, ,792,714 3,512,543 2,817,678-6,330,221 18,462, % / 83 25,536, ,536,496 3,637,299 2,952,334-6,589,633 18,946, % / 84 26,302, ,302,591 3,766,518 3,094,173-6,860,691 19,441, % / 85 27,091, ,091,669 3,900,334 3,236,057-7,136,391 19,955, % / 86 19,794,419 8,110,000-27,904,419 4,038,884 3,058,214-7,097,098 20,807, % / 87 20,388,251 8,353,300-28,741,551 4,194,310 3,169,576-7,363,887 21,377, % / 88 20,999,899 8,603,899-29,603,798 4,354,760 3,282,056-7,636,815 21,966, % / 89 21,629,896 8,862,016-30,491,912 4,520,382 3,399,805-7,920,188 22,571, % / 90 22,278,792 9,127,876-31,406,669 4,689,334 3,523,783-8,213,117 23,193, % / 91 22,947,156 9,401,713-32,348,869 4,863,774 3,649,353-8,513,127 23,835, % / 92 23,635,571 9,683,764-33,319,335 5,043,867 3,780,682-8,824,549 24,494, % / 93 24,344,638 9,974,277-34,318,915 5,229,783 3,917,942-9,147,725 25,171, % / 94 25,074,977 10,273,505-35,348,483 5,421,697 4,057,312-9,479,009 25,869, % / 95 25,827,227 10,581,711-36,408,937 5,619,787 4,202,976-9,822,763 26,586, % / 96 26,602,043 10,899,162-37,501,205 5,824,241 4,355,121-10,179,362 27,321, % / 97 27,400,105 11,226,137-38,626,241 6,033,248 4,510,743-10,543,991 28,082, % / 98 28,222,108 11,562,921-39,785,029 6,249,006 4,673,241-10,922,247 28,862, % / 99 29,068,771 11,909,808-40,978,579 6,471,716 4,838,822-11,310,538 29,668, % / ,940,834 12,267,103-42,207,937 6,701,587 5,011,699-11,713,286 30,494, % / ,839,059 12,635,116-43,474,175 6,938,835 5,192,090-12,130,925 31,343, % / ,764,231 13,014,169-44,778,400 7,183,680 5,376,220-12,559,900 32,218, % / ,717,158 13,404,594-46,121,752 7,436,350 5,568,323-13,004,673 33,117, % / ,698,673 13,806,732-47,505,405 7,695,081 5,765,437-13,460,518 34,044, % / ,709,633 14,220,934-48,930,567 7,962,113 5,971,008-13,933,121 34,997, %
5 State Estate & Inheritance Tax Analyzer - No Additional Planning Assumptions Client Information Client Spouse Name Mr. Client Mrs. Client Age Underwriting Preferred Non-Smoker Standard Non-Smoker Life Expectancy State WA Asset Assumptions - Inside Estate Investment/Business Assets 3.0% 15,000,000 Qualified Plan Assets 4.0% 0 Other Assets (Inside Estate) 3.0% 0 Life Insurance (Inside Estate) 0 Life Insurance - Remaining Years 0 Used Gift Exemption (Total) 0 Asset Assumptions - Outside Estate Other Assets (Outside Estate) 3.0% 0 Life Insurance (Outside Estate) 0 Additional Assumptions Income Tax 39.6% Beneficiary Tax 35.0% CPI 2.0% This illustration is hypothetical and there is no guarantee that similar results can be achieved. Joint Life Expectancy (LE) as used in this presentation shows the average age at death based on the ages and underwriting classes selected (preferred non-smoker male, age 65 and standard non-smoker female, age 65). Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS under Circular 230, we inform you that any U.S. Federal tax advice contained in this communication, unless otherwise specifically stated, was not intended or written to be used, and cannot be used, for the purpose of (1) avoiding penalties under the Internal Revenue Code or (2) promoting, marketing, or recommending to another party any matters addressed herein. Revised 10/3/16
6 State Estate & Inheritance Tax Analyzer - Life Insurance Planning Estate Values - Mr. & Mrs. Client Asset Assumptions Assumed of Return Investment/Business Assets 3.0% 15,000,000 Qualified Plan Assets 4.0% 0 Other Assets (Inside Estate) 3.0% 0 Life Insurance (Inside Estate) 0 Total Value of Assets Inside Estate 15,000,000 Other Assets (Outside Estate) 3.0% 0 Life Insurance (Outside Estate) 0 Total Value of Assets Outside Estate 0 Potential Estate Taxes with Life Insurance Planning End of Year 1 Life Expectancy (Ages 91 / 91) Life Expectancy +5 (Ages 96 / 96) Projected Value of Assets Inside Estate 15,381,530 24,466,196 28,373,932 Potential State Estate Tax (WA) 1,934,706 4,762,790 5,640,332 Potential Federal Estate Taxes 1,242,227 4,297,362 5,137,440 Potential IRD Taxes Total Potential Tax Liability 3,176,933 9,060,153 10,777,772 Assets Outside Estate (Including CST) 5,000,000 12,377,755 13,207,726 Potential Value to Heirs 17,204,597 27,783,799 30,803,886 12,000,000 10,000,000 Potential Tax Liability 9,060,153 10,777,772 8,000,000 6,000,000 4,000,000 2,000,000 1,934,706 3,176,933 4,762,790 5,640,332 0 End of Year 1 Life Expectancy Life Expectancy +5 Potential State Estate Tax (WA) Total Potential Tax Liability
7 State Estate & Inheritance Tax Analyzer - Life Insurance Planning End of Yr Ages Assets Inside Estate Credit Shelter Trust Other Trust Owned Assets Total Estate & Trust Value State Estate Tax Federal Estate Taxes IRD Taxes Total Taxes Total Value to Heirs % of Estate & Trust to Heirs 1 66 / 66 15,381,530-5,000,000 20,381,530 1,934,706 1,242,227-3,176,933 17,204, % 2 67 / 67 15,845,030-5,000,000 20,845,030 2,011,006 1,341,999-3,353,005 17,492, % 3 68 / 68 16,322,435-5,000,000 21,322,435 2,090,487 1,446,185-3,536,672 17,785, % 4 69 / 69 16,814,162-5,000,000 21,814,162 2,172,832 1,554,994-3,727,826 18,086, % 5 70 / 70 17,320,641-5,000,000 22,320,641 2,258,128 1,661,160-3,919,288 18,401, % 6 71 / 71 17,842,314-5,000,000 22,842,314 2,346,463 1,772,233-4,118,696 18,723, % 7 72 / 72 18,379,638-5,000,000 23,379,638 2,433,928 1,889,115-4,323,042 19,056, % 8 73 / 73 18,933,081-5,000,000 23,933,081 2,524,616 2,011,195-4,535,812 19,397, % 9 74 / 74 19,503,128-5,000,000 24,503,128 2,618,626 2,131,242-4,749,868 19,753, % / 75 20,090,276-5,000,000 25,090,276 2,716,055 2,256,806-4,972,861 20,117, % / 76 20,695,038-5,000,000 25,695,038 2,817,008 2,388,050-5,205,057 20,489, % / 77 21,317,943-5,000,000 26,317,943 2,921,589 2,525,141-5,446,729 20,871, % / 78 21,959,536-5,000,000 26,959,536 3,029,907 2,660,879-5,690,786 21,268, % / 79 22,620,376-5,000,000 27,620,376 3,142,075 2,802,821-5,944,896 21,675, % / 80 23,301,041-5,000,000 28,301,041 3,258,208 2,951,151-6,209,359 22,091, % / 81 24,002,127-5,000,000 29,002,127 3,378,425 3,106,058-6,484,483 22,517, % / 82 24,724,244-5,000,000 29,724,244 3,498,849 3,261,131-6,759,980 22,964, % / 83 25,468,026-5,000,000 30,468,026 3,623,605 3,423,181-7,046,786 23,421, % / 84 26,234,121-5,000,000 31,234,121 3,752,824 3,592,415-7,345,239 23,888, % / 85 27,023,199-5,000,000 32,023,199 3,886,640 3,761,693-7,648,333 24,374, % / 86 21,095,349 6,672,130 5,000,000 32,767,479 4,011,496 3,589,541-7,601,037 25,166, % / 87 21,730,263 6,804,224 5,000,000 33,534,487 4,152,897 3,722,946-7,875,844 25,658, % / 88 22,384,225 6,940,690 5,000,000 34,324,915 4,298,983 3,858,097-8,157,080 26,167, % / 89 23,057,806 7,081,669 5,000,000 35,139,475 4,449,895 3,999,164-8,449,059 26,690, % / 90 23,751,594 7,227,308 5,000,000 35,978,902 4,603,780 4,147,126-8,750,906 27,227, % / 91 24,466,196 7,377,755 5,000,000 36,843,952 4,762,790 4,297,362-9,060,153 27,783, % / 92 25,202,236 7,533,167 5,000,000 37,735,403 4,927,081 4,454,062-9,381,143 28,354, % / 93 25,960,357 7,693,702 5,000,000 38,654,060 5,096,812 4,617,418-9,714,230 28,939, % / 94 26,741,222 7,859,526 5,000,000 39,600,748 5,272,150 4,783,629-10,055,779 29,544, % / 95 27,545,513 8,030,809 5,000,000 40,576,322 5,453,264 4,956,899-10,410,164 30,166, % / 96 28,373,932 8,207,726 5,000,000 41,581,658 5,640,332 5,137,440-10,777,772 30,803, % / 97 29,227,205 8,390,458 5,000,000 42,617,662 5,831,532 5,322,269-11,153,801 31,463, % / 98 30,106,075 8,579,192 5,000,000 43,685,266 6,029,053 5,514,809-11,543,862 32,141, % / 99 31,011,311 8,774,120 5,000,000 44,785,431 6,233,086 5,711,290-11,944,376 32,841, % / ,943,705 8,975,442 5,000,000 45,919,146 6,443,829 5,915,950-12,359,779 33,559, % / ,904,070 9,183,362 5,000,000 47,087,432 6,661,486 6,129,033-12,790,520 34,296, % / ,893,246 9,398,091 5,000,000 48,291,337 6,886,267 6,346,791-13,233,059 35,058, % / ,912,097 9,619,849 5,000,000 49,531,946 7,118,389 6,573,483-13,691,873 35,840, % / ,961,514 9,848,859 5,000,000 50,810,373 7,356,075 6,806,176-14,162,251 36,648, % / ,042,414 10,085,354 5,000,000 52,127,768 7,601,554 7,048,344-14,649,898 37,477, %
8 State Estate & Inheritance Tax Analyzer - Life Insurance Planning Assumptions Client Information Client Spouse Name Mr. Client Mrs. Client Age Underwriting Preferred Non-Smoker Standard Non-Smoker Life Expectancy State WA Asset Assumptions - Inside Estate Investment/Business Assets 3.0% 15,000,000 Qualified Plan Assets 4.0% 0 Other Assets (Inside Estate) 3.0% 0 Life Insurance (Inside Estate) 0 Life Insurance - Remaining Years 0 Used Gift Exemption (Total) 0 Asset Assumptions - Outside Estate Other Assets (Outside Estate) 3.0% 0 Life Insurance (Outside Estate) 0 Additional Assumptions Income Tax 39.6% Beneficiary Tax 35.0% CPI 2.0% Proposed Life Insurance Annual Premium 68,470 Premium Years 50 Death Benefit 5,000,000 This illustration is hypothetical and there is no guarantee that similar results can be achieved. Joint Life Expectancy (LE) as used in this presentation shows the average age at death based on the ages and underwriting classes selected (preferred non-smoker male, age 65 and standard non-smoker female, age 65). Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS under Circular 230, we inform you that any U.S. Federal tax advice contained in this communication, unless otherwise specifically stated, was not intended or written to be used, and cannot be used, for the purpose of (1) avoiding penalties under the Internal Revenue Code or (2) promoting, marketing, or recommending to another party any matters addressed herein. Revised 10/3/16
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