Second-To-Die Life Insurance Is a Vehicle to
Pay Estate Taxes
married couples with large estates, second-to-die life
insurance (sometimes called "survivorship insurance" or
"dual-life insurance") can be a useful tool for providing
liquidity to pay estate taxes.
This type of policy pays off when the surviving spouse dies.
Because a properly structured estate plan can defer all estate
taxes on the first spouse's death, some families may find they
don't need any life insurance proceeds at that time.
But significant estate taxes may be due on the second spouse's
death, and a second-to-die policy can be the perfect vehicle
for providing cash to pay the taxes.
second-to-die policy has a couple of key advantages over
insurance on a single life. First, premiums are lower. Second,
generally an uninsurable person can be covered if the other
person is insurable.
a second-to-die policy might not fit in your current
irrevocable life insurance trust (ILIT), which is probably
designed for a single-life policy. To ensure that the proceeds
aren't taxed in either your estate or your spouse's, set up a
new ILIT as policy owner and beneficiary.
Determining whether a second-to-die insurance policy is right
for your situation requires a review of your personal
circumstances. Contact us at 925-634-2344 if you have
questions regarding life insurance.
SMEED CPA Adds Financial
Services To Help Clients With
Investments & Insurance
often we here at SMEED CPA are asked about financial issues
that impact our clients investments and their portfolios.
We always offered our opinion and suggestions but in order to
help our clients actually execute the changes we suggest,
SMEED has created a Financial Services division.
SMEED Financial Services, Inc. will be able to
work with both individual and business clients on their
investment portfolios and manage assets on their behalf.
SMEED Financial will include Michael Uadiale,
ACA, CPA, CGMA; and Pablo Blanco who has
recently joined SMEED and comes with over 18 years of
financial sales and advising experience with affluent
Watch your inbox and mail boxes for more specific information
on services SMEED Financial Services, Inc will make available
Would You Give Me Your
Feedback & Testimonial
on Our Hotline?
Hello it’s Michael Uadiale, CPA of
SMEED CPA Inc. We’ve just installed a toll-free
number that I would like for you to call and tell me how you
think we are doing as your CPA firm.
Just dial 800-609-9006
extension 3638 and follow the instructions. If we’ve
done a good job please let me know. And if we can
improve on anything, please mention that too.
Us Be Found on
Also as we expand our business,
we find more and more people are using
YELP and Google
to look for us by searching Brentwood accountant or
When they do this we want to
be FOUND on GOOGLE. One way you can help us
is to give us an
ONLINE REVIEW on our Google Maps/Places listing --->
or on our YELP local listing
click here to go to our Google Listing for SMEED CPA and
click on the
YELP link to go there.
Scroll down to the Review area.
On either site it may say: Been here?
Rate and review
You will click on the Rate and
review link and then log in, then
give us a review!
You can choose between 1 and 5
STARS and write in what you think about the tax or accounting
work we have done for you.
It's that simple. Thank
you in advance for your help and cooperation!
As always you can call our offices if you have any
questions about these or any other accounting related issues, at
Regards, Michael Uadiale, CPA,
Managing Partner, SMEED CPA,