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Estate Planning

Worksheet: What's Your Estate Worth?

The major difference between your net worth when you are alive and your net worth when you die is the amount of the proceeds from life insurance you own. Since life insurance does not get paid until you die, you need to add the total proceeds from your life insurance to your net worth to determine what your estate is worth.

Determine what your estate is worth:

1.

Place your Net Worth amount here (see calculation below).

$ ________________________

2.

If you included life insurance cash value in your net worth amount, enter this number here (with some exceptions for Universal Life insurance).

$ ________________________

3.

Subtract line 2 from line 1.

$ ________________________

4.

Add up proceeds you will receive from all of your life insurance:*

 
 

(a) Company-provided group life insurance

$ ________________________

 

(b) Term life insurance outside of work

$ ________________________

 

(c) All other life insurance

$ ________________________

5.

Total: add lines 4(a), 4(b) and 4(c).

$ ________________________

6.

What's Your Estate Worth?
Add lines 3 and 5.

$ ________________________

 

* Payable to your estate or in which you possess ownership benefits (e.g., the right to name beneficiaries of the policies).

 
 

Write the number from line 6 here:

$ ________________________

 

If this number is less than the applicable exclusion amount ($5.49 million in 2017 and $5.45 million in 2016), you may not be subject to the Estate Tax.

 
 

If this number is greater than the applicable exclusion amount ($5.49 million in 2017 and $5.45 million in 2016), you may be subject to the Estate Tax and should read the appropriate sections above for important tax savings planning techniques and consult with an estate planning professional.

 
 

Net Worth Calculation

 
 

Add up everything you own and subtract everything you owe. The amount left is your Net Worth.

 

1.

Enter all the things you own

$ ________________________

2.

Enter all the money you owe to others

$ ________________________

3.

Subtract line 2 from line 1. This is your Net Worth.

$ ________________________

Disclaimers:

Not a Deposit.
Not FDIC-Insured.
Not Insured by any Government Agency.
Not Guaranteed by the Bank.
May go Down in Value.

Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA and SIPC. Infinex and BancorpSouth Bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.


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