The Tax Cuts and Jobs Act of 2017 meant Judy no longer needed all the life insurance she’d put in place years ago. Her estate planning attorney requested an appraisal for secondary market value. Through the appraisal process, they opted to sell one of the policies and create enough liquidity to fund the other policies for years, allowing her to fund her own caregiving and lifestyle needs.
Liquidity constraints reduced donations
Cash created donation for the charity she loves.
Restaurant owner in his early 70s
Businesses were severely affected by the COVID-19 pandemic.
Donated policy to a charity ran out of cash value to pay premiums
Donor was able to create a living legacy and enjoy seeing the gift used while living.
