Managing Life Insurance Policies

dc.contributor.author	Harl, Neil
dc.contributor.department	Iowa State University Digital Repository
dc.date	2018-02-19T06:27:11.000
dc.date.accessioned	2020-06-29T22:57:14Z
dc.date.available	2020-06-29T22:57:14Z
dc.date.embargo	2017-12-19
dc.date.issued	2013-07-12
dc.description.abstract	<p>With the increase in valuation in recent years of many farm and ranch estates, one would reasonably expect that life insurance policies would receive at least as much planning attention as in prior years but that appears not to have been the case.1 In one instance, recently, an estate planner advised an 87-year old client to “get rid of” a $50,000 policy with an income tax basis of just over $11,000, setting the stage for gain of $44,000 on redemption of the policy. Even though investments in farm and ranch land have elevated many farm and ranch estates to record levels well beyond the wildest expectations of the families involved, management of life insurance policies remains an important part of the overall estate planning process.</p>
dc.identifier	archive/lib.dr.iastate.edu/aglawdigest/vol24/iss14/1/
dc.identifier.articleid	2186
dc.identifier.contextkey	11273554
dc.identifier.s3bucket	isulib-bepress-aws-west
dc.identifier.submissionpath	aglawdigest/vol24/iss14/1
dc.identifier.uri	https://dr.lib.iastate.edu/handle/20.500.12876/3666
dc.source.bitstream	archive/lib.dr.iastate.edu/aglawdigest/vol24/iss14/1/AgLawDigest_v24n14_01.pdf\|\|\|Fri Jan 14 17:51:01 UTC 2022
dc.subject.disciplines	Agricultural and Resource Economics
dc.subject.disciplines	Agricultural Economics
dc.subject.disciplines	Agriculture Law
dc.subject.disciplines	Public Economics
dc.title	Managing Life Insurance Policies
dc.type	article
dc.type.genre	article
dspace.entity.type	Publication
relation.isJournalIssueOfPublication	04177564-df9f-482c-a2d6-26c7db34e1cf
relation.isOrgUnitOfPublication	d2bcee6c-7cba-4fa7-bd11-543354ce7b1b

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