the only thing unchanged is Change : life insurance

Thursday, January 05, 2017

life insurance

see gmail note for more details

make ur revocable living trust the beneficiay of ur life insurance policy
if u are married, assets left to a surviving spouse are exempt from the federal estate tax
if ur estate passe on to someone other than a spouse, ur heirs may owe federal estate
in 2007, this is levied on estates valued at more than 2 million, including the value of investments, ur home, the death benefit on ur life insurance policy --- add them all up, if they exceed 2 million, ur heirs may be stuck paying a tax on part of their inheitance
if ur estate will be above the estate-tax threshold, u need to working with an estate attorney to set up what is known as "irrevocable life insurance trust"
irrevocable life insurance trust

the trust will be the "owner" of the life insurance policy
ur beneficiaries will still receive every penny of the death benefit, but the value of the policy is exempt from the estate tax
this kind of trust is very different from a revocable living trust

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one: self

I am Me. In all the world, there is no one else exactly like me. Everything that comes out of me is authentically mine, because I alone chose it -- I own everything about me: my body, my feelings, my mouth, my voice, all my actions, whether they be to others or myself. I own my fantasies, my dreams, my hopes, my fears. I own my triumphs and successes, all my failures and mistakes. Because I own all of me, I can become intimately acquainted with me. By so doing, I can love me and be friendly with all my parts. I know there are aspects about myself that puzzle me, and other aspects that I do not know -- but as long as I am friendly and loving to myself, I can courageously and hopefully look for solutions to the puzzles and ways to find out more about me. However I look and sound, whatever I say and do, and whatever I think and feel at a given moment in time is authentically me. If later some parts of how I looked, sounded, thought, and felt turn out to be unfitting, I can discard that which is unfitting, keep the rest, and invent something new for that which I discarded. I can see, hear, feel, think, say, and do. I have the tools to survive, to be close to others, to be productive, and to make sense and order out of the world of people and things outside of me. I own me, and therefore, I can engineer me. I am me, and I am Okay.

self esteem by Virginia Satir

the only thing unchanged is Change

Thursday, January 05, 2017

life insurance

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one: self