No. of Recommendations: 0
As I responded to your post on another board, this is a common and smart practice. The estate tax is 50% on assets over the exclusion amount, which is currently $2 million. It is going to increase up to $3.5 million over the next few years and then go away for a year. But if Congress doesn't get it's act together, it will go back to $1 million in 2011.

You may want to shop around for the insurance, but it is definitely the thing to do.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.