Post Mortem Liquidity Planning: A Fiduciary’s (Limited) Toolbox

MARKET TREND: In the absence of life insurance, options for fiduciaries to generate needed liquidity for estate taxes and expenses may be limited, creating additional hurdles for estate administration and post-mortem planning.

SYNOPSIS: Lifetime planning with life insurance is an effective and proven method of generating estate liquidity. Post-mortem options in the absence of such planning generally involve the fiduciary selling estate assets, borrowing money, and/or reviewing the availability of certain tax elections that can adjust the value of a decedent’s estate or defer tax payments.

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