Orville (age 67) & Millie (age 65)
Legacy Plan Example
- Worried about the stock market and rising capital gains
- Cost basis for brokerage account is $300,000
- Wanted heirs to receive the value without market risk
- Both are in poor health
Sold Property
$
0
Subject To Gain
$
0
Capital Gains Tax 15%
$
0
Orville & Millie’s Strategy
By transitioning his money…
- Donated to 501(c)3
- Got tax deduction
- Savings on capital gains
- Structured Inheritance
for the children
Brokerage Account
$
0
Transferred Securities to 501(c)
$
0
Immediate Death Benefit, 2nd Death
Reduced Capital Gains by
$
0
Income Account Value
$
0