ESTATE PLANNING RECOMMENDATION WRITING ASSIGNMENT:
Students should be able to assess personal needs in order to determine which types of life and health insurance plans fit best.
Write a three to five page paper on Estate Planning
Evaluate the tools commonly used in estate planning, including trusts, life insurance, and annuities. Compare the tools as to how they would apply to the Jones Family described below.
John Jones became 58 years old in March of this year and has $75,000 in his regular IRA (on April 1 of this year, after contributions for last year) and $35,000 in taxable savings accounts. He is the sole owner and president of Jones Technical, Inc. (an S corporation), which generates $150,000 in pretax cash flow per year after the owners salary of $50,000. He would like to leave the business to his two sons (ages 23 and 27), but neither has expressed a current desire to be part of the business, and John wonders if they would be willing to put in necessary time into the business to continue its success. He would like some type of supervision of his sons if he left the business to them when he died.
The building that houses the business operations is owned by John and his wife (who is age 56) as joint tenants and is free of any liens. The building was recently appraised at $400,000 and the Jones believe the value of the building will continue to appreciate as the population of the area increases. The remainder of the Jones estate consists of $250,000 in personal property (home, furniture, cars all with no debt). John has a term life insurance policy with a $250,000 death benefit. Mrs. Jones has no life insurance coverage. Mrs. Jones has no interest in continuing the business if John should die prematurely. The Jones live in a common-law state that does not have a state death tax.
Make a recommendation for an estate plan for the Jones Family.
The grading criteria include:
Why Work with Us
Top Quality and Well-Researched Papers
We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.
Professional and Experienced Academic Writers
We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.
Free Unlimited Revisions
If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.
Prompt Delivery and 100% Money-Back-Guarantee
All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.
Original & Confidential
We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.
24/7 Customer Support
Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.
No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.
Admission Essays & Business Writing Help
An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.
Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.
If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.