Strategic Wealth Planning Summary
A Comparison of Key Values under Alternative Planning Scenarios
AN ANALYSIS PREPARED EXCLUSIVELY FOR
Jack & Jill Flash
Current Allocations vs. Recommended Allocations & Advanced Planning
1
Disclaimer
This financial plan is designed to provide educational and/or general information and is not intended to provide specific legal, accounting and/or tax advice.
Any comparisons and projections including expected rates of return are presented for purposes of illustration only. Nevertheless, we believe that the
comparisons as well as the other projections shown provide an important and valid basis for consideration when planning for your financial future.
IMPORTANT: The projections or other information generated by this financial plan regarding the likelihood of various investment outcomes are
hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results herein may vary with each use of
the software tool(s) used to generate this financial plan and over time.
The financial plan may contain ideas for your consideration concerning aspects of your life such as tax, retirement and estate planning, but these are not
presented as, and must not be taken for, legal or tax advice. It is your responsibility to determine if, and how, the suggestions contained in the financial plan
should be implemented or otherwise followed. You must carefully consider all relevant factors in making these types of decisions. For specific advice on
these aspects of your overall financial plan, you should consult your professional tax and legal advisors. The report that follows is based upon:
- information and assumptions that you have provided or reviewed;
- current tax laws;
- appropriate financial planning concepts;
- historic asset class characteristics;
- additional assumptions and information discussed with your advisor.
The outcome of the analysis will be dependent to a significant extent upon the information and the reasonableness of the planning assumptions. It is your
responsibility to provide accurate and complete information. Please contact your advisor with any changes to your information and/or planning assumptions.
Inaccurate information and/or unreasonable planning assumptions can materially impact the results of this financial plan.
The simulation of returns at the individual asset, account and/or portfolio level drives the investment projections and proposed financial plan. In all cases
investment projections are not to be considered definitive estimates of how the individual assets you own now or in the future will perform. Therefore, it is
important that you recognize that the comparisons shown may include comparisons of two asset allocation models—the asset allocation of your current
portfolio and the asset allocation projected in our proposed plan—and not comparisons of the individual securities you own. Model comparisons and the
projected rates of return are based on past performance of the relevant asset classes. Past performance is not a guarantee of future results. No future rate
of return can be predicted with certainty.
The report that follows does not make specific investment recommendations or analyze particular securities. Rather, the report typically contains a proposed
asset allocation model based upon your stated risk tolerance, age, current asset allocation and value of your assets. The asset allocation models we use are
continuously re-evaluated and are periodically changed as a result. We are under no obligation to revise any financial planning report already prepared if an
allocation model is changed after it is issued to you.
Actual results are influenced by events that are both within and outside of your control. The rates actually returned by asset classes will differ from our
projections. The rates actually returned by any allocation model noted within the financial plan will likely differ from those returned by any individual portfolio
of securities constructed to follow a specific allocation model. Any rate of return shown or used in the financial plan is not intended to predict nor guarantee
the actual results of an investment product.
2
Disclaimer
the actual results of an investment product.
This financial plan is designed to provide educational and/or general information and is not intended to provide specific legal, accounting and/or tax advice.
IMPORTANT: Investments in stocks, bonds, mutual funds, and other securities are not bank products, are not FDIC insured, and may be subject
to loss of principal.
We have read and understand the above information and disclosures. We understand the basis upon which the report that follows was prepared. We
recognize the nature of the asset allocation comparisons and estimated returns as illustrations only. We acknowledge that the report may contain a
recommendation for adjusting the asset allocation of our current investment portfolio(s), but it does not provide any guaranteed rates of return, advice on
particular securities or any specific legal, tax or accounting advice.
Customer Signature
3
Strategic Wealth Planning Summary - Current Allocations vs. Recommended Allocations & Advanced Planning
Summary Comparison in 2019
Jack & Jill Flash
Financial Analysis
Cash and other investments
Employer stock and stock options
Retirement plans, annuities & insurance cash values
Financial Assets
Unmarketable assets
Personal assets
Total Assets
Less: liabilities
Net Worth
Pretax Family Wealth
Scenario 1
3,145,947
95,072
3,437,388
6,678,407
17,057,439
1,979,417
25,715,263
380,286
25,334,977
25,431,782
Scenario 2
2,137,805
95,072
3,592,884
5,825,761
10,599,655
1,979,417
18,404,833
657,334
17,747,499
25,639,742
$ Difference
-1,008,142
0
155,496
-852,646
-6,457,784
0
-7,310,430
277,048
-7,587,478
207,960
% Difference
-32.0%
0.0%
4.5%
-12.8%
-37.9%
0.0%
-28.4%
72.9%
-29.9%
0.8%
Estate Analysis
Estate settlement costs
Estate taxes, income taxes, capital gains & Medicare taxes
Estate Shrinkage
Scenario 1
416,145
4,019,094
4,435,239
Scenario 2
394,225
3,746,358
4,140,583
$ Difference
-21,919
-272,736
-294,656
% Difference
-5.3%
-6.8%
-6.6%
20,238,218
96,806
0
19,107,120
2,689,424
21,796,544
19,560,533
3,069,603
3,215,487
24,497,839
2,689,424
27,187,263
-677,685
2,972,797
3,215,487
5,390,719
0
5,390,719
-3.3%
3070.9%
100.0%
28.2%
0.0%
24.7%
Bypass trust and other bequests from the taxable estate
Annual gift fund and other irrevocable trusts
Irrevocable life insurance trusts & other excludable insurance
Net to Heirs
Charitable bequests and transfers from charitable trusts
Combined Wealth Transfer
Planning Assumptions
Jack retires at age 62 and Jill retires at age 60.
Projections are based on current asset allocations.
Projections are based on recommended asset allocations.
Jack sells ShopRight, Inc. stock at retirement.
Jack sells ShopRight office building at retirement.
Jack transfers 50% of ShopRight, Inc. to a 10-year GRAT in 2014.
Account #2 gifted in trust in 2015.
Jack sells remaining ShopRight stock to IDGT in 2022 for 10-year SCIN.
ShopRight IDGT trustee buys $2.5MM insurance policy on Jack's life.
ILIT established in 2014; ILIT buys $2MM 2nd-to-die life insurance.
Rental properties are sold over 10 years starting at Jill's retirement.
Jill bequeathes both nonqualified plans to charity at death.
Scenario 1 - Current Allocations
Scenario 2 - Recommended Allocations & Advanced Planning
Scenario 1
x
x
Scenario 2
x
x
x
x
x
x
x
x
x
x
x
x
x
4
Strategic Wealth Planning Summary - Current Allocations vs. Recommended Allocations & Advanced Planning
Summary Comparison in 2024
Jack & Jill Flash
Financial Analysis
Cash and other investments
Employer stock and stock options
Retirement plans, annuities & insurance cash values
Financial Assets
Unmarketable assets
Personal assets
Total Assets
Less: liabilities
Net Worth
Pretax Family Wealth
Scenario 1
20,998,515
332,010
4,013,981
25,344,507
918,952
2,371,909
28,635,368
62,600
28,572,768
28,572,768
Scenario 2
2,847,354
332,010
4,306,932
7,486,297
7,193,273
2,371,909
17,051,479
61,204
16,990,275
36,617,525
$ Difference
-18,151,161
0
292,951
-17,858,210
6,274,321
0
-11,583,889
-1,396
-11,582,493
8,044,757
% Difference
-86.4%
0.0%
7.3%
-70.5%
682.8%
0.0%
-40.5%
-2.2%
-40.5%
28.2%
Estate Analysis
Estate settlement costs
Estate taxes, income taxes, capital gains & Medicare taxes
Estate Shrinkage
Scenario 1
584,839
6,206,242
6,791,081
Scenario 2
353,439
7,489,535
7,842,975
$ Difference
-231,400
1,283,293
1,051,894
% Difference
-39.6%
20.7%
15.5%
19,812,853
0
0
19,791,193
2,740,495
22,531,688
12,228,881
20,317,313
4,578,404
32,052,523
2,740,495
34,793,018
-7,583,972
20,317,313
4,578,404
12,261,330
0
12,261,330
-38.3%
100.0%
100.0%
62.0%
0.0%
54.4%
Bypass trust and other bequests from the taxable estate
Annual gift fund and other irrevocable trusts
Irrevocable life insurance trusts & other excludable insurance
Net to Heirs
Charitable bequests and transfers from charitable trusts
Combined Wealth Transfer
Planning Assumptions
Jack retires at age 62 and Jill retires at age 60.
Projections are based on current asset allocations.
Projections are based on recommended asset allocations.
Jack sells ShopRight, Inc. stock at retirement.
Jack sells ShopRight office building at retirement.
Jack transfers 50% of ShopRight, Inc. to a 10-year GRAT in 2014.
Account #2 gifted in trust in 2015.
Jack sells remaining ShopRight stock to IDGT in 2022 for 10-year SCIN.
ShopRight IDGT trustee buys $2.5MM insurance policy on Jack's life.
ILIT established in 2014; ILIT buys $2MM 2nd-to-die life insurance.
Rental properties are sold over 10 years starting at Jill's retirement.
Jill bequeathes both nonqualified plans to charity at death.
Scenario 1 - Current Allocations
Scenario 2 - Recommended Allocations & Advanced Planning
Scenario 1
x
x
Scenario 2
x
x
x
x
x
x
x
x
x
x
x
x
x
5
Strategic Wealth Planning Summary - Current Allocations vs. Recommended Allocations & Advanced Planning
Summary Comparison in 2048
Jack & Jill Flash
Financial Analysis
Cash and other investments
Employer stock and stock options
Retirement plans, annuities & insurance cash values
Financial Assets
Unmarketable assets
Personal assets
Total Assets
Less: liabilities
Net Worth
Pretax Family Wealth
Scenario 1
67,033,464
56,046
12,055,463
79,144,972
2,296,806
3,469,295
84,911,072
422,862
84,488,210
84,488,210
Scenario 2
100,000
56,046
9,171,715
9,327,760
225,109
3,469,295
13,022,164
1,095,507
11,926,657
223,537,652
$ Difference
-66,933,464
0
-2,883,748
-69,817,212
-2,071,697
0
-71,888,909
672,644
-72,561,553
139,049,442
% Difference
-99.9%
0.0%
-23.9%
-88.2%
-90.2%
0.0%
-84.7%
159.1%
-85.9%
164.6%
Estate Analysis
Estate settlement costs
Estate taxes, income taxes, capital gains & Medicare taxes
Estate Shrinkage
Scenario 1
1,700,621
28,873,834
30,574,455
Scenario 2
253,533
31,318,516
31,572,049
$ Difference
-1,447,088
2,444,682
997,594
% Difference
-85.1%
8.5%
3.3%
50,621,419
0
0
50,565,897
4,097,858
54,663,755
9,549,406
183,501,133
33,737,587
198,343,328
0
198,343,328
-41,072,013
183,501,133
33,737,587
147,777,431
-4,097,858
143,679,573
-81.1%
100.0%
100.0%
292.2%
-100.0%
262.8%
Bypass trust and other bequests from the taxable estate
Annual gift fund and other irrevocable trusts
Irrevocable life insurance trusts & other excludable insurance
Net to Heirs
Charitable bequests and transfers from charitable trusts
Combined Wealth Transfer
Planning Assumptions
Jack retires at age 62 and Jill retires at age 60.
Projections are based on current asset allocations.
Projections are based on recommended asset allocations.
Jack sells ShopRight, Inc. stock at retirement.
Jack sells ShopRight office building at retirement.
Jack transfers 50% of ShopRight, Inc. to a 10-year GRAT in 2014.
Account #2 gifted in trust in 2015.
Jack sells remaining ShopRight stock to IDGT in 2022 for 10-year SCIN.
ShopRight IDGT trustee buys $2.5MM insurance policy on Jack's life.
ILIT established in 2014; ILIT buys $2MM 2nd-to-die life insurance.
Rental properties are sold over 10 years starting at Jill's retirement.
Jill bequeathes both nonqualified plans to charity at death.
Scenario 1 - Current Allocations
Scenario 2 - Recommended Allocations & Advanced Planning
Scenario 1
x
x
Scenario 2
x
x
x
x
x
x
x
x
x
x
x
x
x
6
Strategic Wealth Planning Summary - Current Allocations vs. Recommended Allocations & Advanced Planning
Summary Comparison in 2051
Jack & Jill Flash
Financial Analysis
Cash and other investments
Employer stock and stock options
Retirement plans, annuities & insurance cash values
Financial Assets
Unmarketable assets
Personal assets
Total Assets
Less: liabilities
Net Worth
Pretax Family Wealth
Scenario 1
67,011,888
68,880
13,797,030
80,877,799
2,576,360
4,011,667
87,465,825
362,254
87,103,571
99,298,908
Scenario 2
100,000
68,880
0
168,880
245,983
4,011,667
4,426,530
4,028,766
397,764
279,910,644
$ Difference
-66,911,888
0
-13,797,030
-80,708,919
-2,330,377
0
-83,039,296
3,666,511
-86,705,807
180,611,736
% Difference
-99.9%
0.0%
-100.0%
-99.8%
-90.5%
0.0%
-94.9%
1012.1%
-99.5%
181.9%
Estate Analysis
Estate settlement costs
Estate taxes, income taxes, capital gains & Medicare taxes
Estate Shrinkage
Scenario 1
1,737,411
35,691,177
37,428,588
Scenario 2
7,955
35,072,159
35,080,114
$ Difference
-1,729,455
-619,019
-2,348,474
% Difference
-99.5%
-1.7%
-6.3%
58,947,547
0
0
58,885,093
4,351,179
63,236,272
5,731,420
233,980,165
46,311,328
250,980,097
0
250,980,097
-53,216,128
233,980,165
46,311,328
192,095,004
-4,351,179
187,743,825
-90.3%
100.0%
100.0%
326.2%
-100.0%
296.9%
Bypass trust and other bequests from the taxable estate
Annual gift fund and other irrevocable trusts
Irrevocable life insurance trusts & other excludable insurance
Net to Heirs
Charitable bequests and transfers from charitable trusts
Combined Wealth Transfer
Planning Assumptions
Jack retires at age 62 and Jill retires at age 60.
Projections are based on current asset allocations.
Projections are based on recommended asset allocations.
Jack sells ShopRight, Inc. stock at retirement.
Jack sells ShopRight office building at retirement.
Jack transfers 50% of ShopRight, Inc. to a 10-year GRAT in 2014.
Account #2 gifted in trust in 2015.
Jack sells remaining ShopRight stock to IDGT in 2022 for 10-year SCIN.
ShopRight IDGT trustee buys $2.5MM insurance policy on Jack's life.
ILIT established in 2014; ILIT buys $2MM 2nd-to-die life insurance.
Rental properties are sold over 10 years starting at Jill's retirement.
Jill bequeathes both nonqualified plans to charity at death.
Scenario 1 - Current Allocations
Scenario 2 - Recommended Allocations & Advanced Planning
Scenario 1
x
x
Scenario 2
x
x
x
x
x
x
x
x
x
x
x
x
x
7
Strategic Wealth Planning Summary - Current Allocations vs. Recommended Allocations & Advanced Planning
Projected Financial & Estate Summary
Jack & Jill Flash
FINANCIAL ANALYSIS
Financial Assets
Legend
A
B
C
D
Taxable
Employer Stock
& Stock Options
0
0
0
0
Retirement Plans,
Cash Fund &
Annuities & Cash
Other Taxable
Investments
Values
-1,008,142
155,496
-18,151,161
292,951
-66,933,464
-2,883,748
-66,911,888
-13,797,030
Unmarketable
Assets
-6,457,784
6,274,321
-2,071,697
-2,330,377
Personal
Assets
0
0
0
0
Net Worth
-7,587,478
-11,582,493
-72,561,553
-86,705,807
Pretax
Family Wealth
207,960
8,044,757
139,049,442
180,611,736
ESTATE ANALYSIS
Estate Shrinkage
Legend
A
B
C
D
Legend
A
B
C
D
Estate
Settlement
Costs
-21,919
-231,400
-1,447,088
-1,729,455
Year
2019
2024
2048
2051
Estate, Income,
Capital Gains &
Medicare Taxes
-272,736
1,283,293
2,444,682
-619,019
Event
Current year + 5
Current year + 10
1st death
2nd death
Charitable Gifts,
Bequests &
Lead/Remainder
Trust Transfers
0
0
-4,097,858
-4,351,179
Net to Heirs
Bypass Trust
& Other Bequests
fr Taxable Estate
-677,685
-7,583,972
-41,072,013
-53,216,128
Irrevocable Life
Irrevocable
Trusts
Insurance Trusts
2,972,797
3,215,487
20,317,313
4,578,404
183,501,133
33,737,587
233,980,165
46,311,328
Net
to Heirs
5,390,719
12,261,330
147,777,431
192,095,004
This Summary Compares Projected Values Under Two Scenarios:
Current Allocations
Recommended Allocations & Advanced Planning
NOTE: In all cases, the estate analysis assumes that death occurs at the end of the year indicated.
8
Strategic Wealth Planning Summary - Current Allocations vs. Recommended Allocations & Advanced Planning
Annual Cash Flows, Financial Assets & Net Worth Comparison - Future Dollars
Jack & Jill Flash
Year
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
Pretax Cash Flows
Cash Flow Surplus/-Deficit
Financial Assets
Net Worth
Recommended
Allocations &
Advanced
Planning
Recommended
Allocations &
Advanced
Planning
Recommended
Allocations &
Advanced
Planning
Recommended
Allocations &
Advanced
Planning
Current
Allocations
1,061,182
1,045,692
1,122,188
1,205,396
1,293,469
1,385,268
1,492,813
1,615,242
19,483,779
1,664,202
1,242,220
1,280,094
1,357,777
1,416,278
2,119,947
1,573,573
1,819,226
1,793,998
1,862,205
3,115,863
2,018,661
2,107,194
2,207,082
2,314,230
2,427,843
2,548,312
2,677,955
2,815,536
2,962,671
3,120,197
3,287,618
3,467,027
3,659,440
3,862,694
4,080,183
5,426,471
4,225,756
4,504,861
1,045,015
1,026,612
1,097,742
1,175,621
1,257,906
1,343,521
1,443,175
1,555,795
2,493,976
1,498,154
700,838
683,772
705,397
703,831
1,341,791
722,075
901,309
7,182,934
818,600
1,857,648
695,385
702,180
711,906
721,930
730,422
737,360
744,013
748,875
752,505
754,690
754,174
751,579
746,195
728,977
661,445
1,571,485
188,808
194,566
Difference
-16,167
-19,080
-24,446
-29,775
-35,563
-41,747
-49,638
-59,447
-16,989,803
-166,048
-541,382
-596,322
-652,380
-712,447
-778,156
-851,498
-917,917
5,388,936
-1,043,605
-1,258,215
-1,323,276
-1,405,014
-1,495,176
-1,592,300
-1,697,421
-1,810,952
-1,933,942
-2,066,661
-2,210,166
-2,365,507
-2,533,444
-2,715,448
-2,913,245
-3,133,717
-3,418,738
-3,854,986
-4,036,948
-4,310,295
Current
Allocations
192,449
156,845
176,555
200,884
230,076
278,995
334,843
453,915
15,590,909
-189,247
240,314
256,740
331,332
335,332
962,366
359,105
491,651
416,759
436,124
1,322,881
339,418
477,695
502,403
529,798
559,599
591,982
628,292
667,306
710,101
756,919
807,198
862,256
921,985
984,924
1,052,606
-9,694,361
1,375,707
1,541,428
132,847
47,489
69,298
92,373
116,210
129,552
156,000
232,308
254,047
9,104
-460,006
-410,200
-365,621
-422,681
129,878
-540,868
-506,062
5,710,673
-325,385
460,156
-577,031
-507,879
-545,814
-594,394
-645,993
-701,304
-760,554
-824,884
-895,061
-964,093
-1,049,504
-1,152,218
-1,257,617
-1,449,697
-2,118,080
-6,248,467
-4,710,029
-2,535,661
Difference
-59,602
-109,356
-107,257
-108,511
-113,866
-149,443
-178,843
-221,607
-15,336,862
198,351
-700,320
-666,940
-696,953
-758,013
-832,488
-899,973
-997,713
5,293,914
-761,509
-862,725
-916,449
-985,574
-1,048,217
-1,124,192
-1,205,592
-1,293,286
-1,388,846
-1,492,190
-1,605,162
-1,721,012
-1,856,702
-2,014,474
-2,179,602
-2,434,621
-3,170,686
3,445,894
-6,085,736
-4,077,089
Current
Allocations
3,770,444
4,245,436
4,766,859
5,313,588
5,953,064
6,678,407
7,510,936
8,495,231
24,601,947
24,480,814
25,344,507
26,366,198
27,517,914
28,608,998
30,509,050
31,891,942
33,292,908
34,782,323
36,368,798
38,653,740
40,348,482
42,255,210
44,267,408
46,390,765
48,632,021
50,998,311
53,496,464
56,133,875
58,918,069
61,856,643
64,957,723
68,229,275
71,678,748
75,314,800
79,144,972
72,336,126
76,465,475
80,877,799
3,399,425
3,781,651
4,213,228
4,671,724
5,221,331
5,825,761
6,511,939
7,311,359
8,071,144
7,741,257
7,486,297
7,376,525
7,319,894
7,092,229
7,544,862
7,361,741
7,021,946
12,996,790
13,189,217
13,953,933
14,010,154
14,141,048
14,242,812
14,302,477
14,315,438
14,276,019
14,176,558
14,009,187
13,763,985
13,437,279
13,008,749
12,454,613
11,764,232
10,857,748
9,327,760
3,423,253
164,351
168,880
Difference
-371,019
-463,785
-553,630
-641,864
-731,733
-852,646
-998,997
-1,183,872
-16,530,803
-16,739,557
-17,858,210
-18,989,673
-20,198,020
-21,516,769
-22,964,188
-24,530,201
-26,270,963
-21,785,533
-23,179,581
-24,699,807
-26,338,328
-28,114,162
-30,024,596
-32,088,288
-34,316,582
-36,722,291
-39,319,906
-42,124,688
-45,154,085
-48,419,363
-51,948,974
-55,774,662
-59,914,517
-64,457,053
-69,817,212
-68,912,873
-76,301,124
-80,708,919
Current
Allocations
16,856,894
18,284,039
19,835,330
21,496,755
23,333,635
25,334,977
27,509,325
29,881,948
26,840,193
27,559,497
28,572,768
29,716,130
30,994,112
32,218,025
33,593,099
35,112,547
36,632,204
38,280,452
40,024,400
41,407,812
43,339,549
45,369,276
47,509,920
49,767,860
52,150,193
54,664,297
57,317,075
60,116,400
63,069,985
66,185,729
69,472,233
72,937,672
76,589,283
80,436,040
84,488,210
77,969,938
82,458,751
87,103,571
11,288,952
12,388,544
13,587,844
14,848,881
16,240,146
17,747,499
19,368,979
21,114,519
17,242,823
17,088,167
16,990,275
16,926,843
16,899,902
16,695,688
16,518,230
16,331,979
15,974,938
15,576,608
15,853,132
15,679,990
15,927,085
16,137,010
16,320,642
16,466,728
16,570,836
16,626,957
16,628,231
16,566,504
16,431,868
16,220,983
15,913,126
15,484,637
14,858,318
13,600,716
11,926,657
4,334,372
2,463,702
397,764
Difference
-5,567,942
-5,895,495
-6,247,486
-6,647,874
-7,093,489
-7,587,478
-8,140,347
-8,767,430
-9,597,370
-10,471,331
-11,582,493
-12,789,287
-14,094,210
-15,522,337
-17,074,868
-18,780,567
-20,657,266
-22,703,844
-24,171,268
-25,727,822
-27,412,465
-29,232,266
-31,189,278
-33,301,133
-35,579,357
-38,037,340
-40,688,844
-43,549,896
-46,638,117
-49,964,745
-53,559,107
-57,453,035
-61,730,965
-66,835,324
-72,561,554
-73,635,566
-79,995,049
-86,705,807
9
Strategic Wealth Planning Summary - Current Allocations vs. Recommended Allocations & Advanced Planning
Wealth Transfer Comparison - Future Dollars
Jack & Jill Flash
Year
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
Estate & Inheritance Taxes
Net to Heirs
Value of Charitable Transfers
Recommended
Allocations &
Advanced
Planning
Recommended
Allocations &
Advanced
Planning
Recommended
Allocations &
Advanced
Planning
Current
Allocations
778,422
1,056,586
1,445,821
1,866,135
2,337,118
2,622,769
3,256,902
3,964,068
5,113,599
5,490,539
5,831,242
6,231,604
6,684,551
7,123,513
7,622,703
8,179,163
8,746,414
9,364,046
10,017,357
10,465,765
11,151,020
11,879,277
12,656,327
13,475,811
14,350,086
15,273,242
16,257,548
17,306,513
18,423,569
19,603,034
20,848,739
22,182,721
23,589,795
25,073,955
26,648,978
28,761,743
30,641,384
32,590,032
729,059
948,061
1,280,642
1,637,481
2,041,800
2,258,707
2,820,177
3,447,174
3,521,536
1,207,552
1,051,261
911,829
781,075
581,143
385,728
191,094
64,464
65,885
67,393
68,826
70,347
71,874
10,901
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Difference
-49,363
-108,525
-165,179
-228,654
-295,318
-364,062
-436,725
-516,894
-1,592,063
-4,282,987
-4,779,981
-5,319,775
-5,903,477
-6,542,370
-7,236,975
-7,988,069
-8,681,950
-9,298,162
-9,949,964
-10,396,939
-11,080,673
-11,807,403
-12,645,426
-13,475,811
-14,350,086
-15,273,242
-16,257,548
-17,306,513
-18,423,569
-19,603,034
-20,848,739
-22,182,721
-23,589,795
-25,073,955
-26,648,978
-28,761,743
-30,641,384
-32,590,032
Current
Allocations
13,725,319
14,683,335
15,643,940
16,631,717
17,712,367
19,107,120
20,298,688
21,560,446
18,419,042
19,165,304
19,791,193
20,470,863
21,221,359
21,961,470
22,755,848
23,636,618
24,547,631
25,513,365
26,533,909
27,327,488
28,389,537
29,498,835
30,662,051
31,892,065
33,183,368
34,549,012
35,984,041
37,479,733
39,065,982
40,744,483
42,505,235
44,364,418
46,314,899
48,393,936
50,565,897
53,207,338
55,999,994
58,885,093
18,250,064
19,335,243
20,443,418
21,620,240
22,879,306
24,497,839
25,915,207
27,436,391
26,852,981
29,919,410
32,052,523
34,406,868
37,023,011
39,822,164
42,903,173
46,281,329
50,029,059
55,449,509
59,578,233
63,885,520
68,729,316
73,980,965
79,624,065
85,804,724
92,523,782
99,830,832
107,701,015
116,078,555
125,159,503
135,003,592
145,675,136
157,244,055
169,814,920
183,491,213
198,343,328
214,792,862
232,293,168
250,980,097
Difference
4,524,745
4,651,907
4,799,479
4,988,523
5,166,938
5,390,719
5,616,519
5,875,946
8,433,939
10,754,106
12,261,330
13,936,005
15,801,651
17,860,694
20,147,325
22,644,711
25,481,428
29,936,144
33,044,324
36,558,032
40,339,778
44,482,130
48,962,014
53,912,659
59,340,414
65,281,819
71,716,975
78,598,822
86,093,521
94,259,109
103,169,901
112,879,638
123,500,020
135,097,277
147,777,431
161,585,524
176,293,174
192,095,003
Current
Allocations
2,070,657
2,179,418
2,295,101
2,418,254
2,549,477
2,689,424
2,838,807
2,998,404
3,169,064
2,751,194
2,740,495
2,727,469
2,711,928
2,693,671
2,672,485
2,648,141
2,620,396
2,588,991
2,553,650
2,630,259
2,709,167
2,790,442
2,874,155
2,960,380
3,049,191
3,140,667
3,234,887
3,331,934
3,431,892
3,534,848
3,640,894
3,750,121
3,862,624
3,978,503
4,097,858
4,179,815
4,264,231
4,351,179
2,070,657
2,179,418
2,295,101
2,418,254
2,549,477
2,689,424
2,838,807
2,998,404
3,169,064
2,751,194
2,740,495
2,727,469
2,711,928
2,693,671
2,672,485
2,648,141
2,344,182
1,660,430
1,618,663
1,145,402
1,063,752
945,661
958,052
788,469
550,495
245,494
0
0
0
0
0
0
0
0
0
0
0
0
Difference
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-276,214
-928,562
-934,987
-1,484,858
-1,645,415
-1,844,781
-1,916,103
-2,171,910
-2,498,696
-2,895,173
-3,234,887
-3,331,934
-3,431,892
-3,534,848
-3,640,894
-3,750,121
-3,862,624
-3,978,503
-4,097,858
-4,179,815
-4,264,231
-4,351,179
10
Strategic Wealth Planning Summary
Graphic Comparison under Alternative Planning Scenarios
AN ANALYSIS PREPARED EXCLUSIVELY FOR
Jack & Jill Flash
Current Allocations vs. Recommended Allocations & Advanced Planning
11
Strategic Wealth Planning Summary - Current Allocations vs. Recommended Allocations & Advanced Planning
Projected Financial Summary
Jack & Jill Flash
Net Worth Comparison at Key Points
$90,000,000
$80,000,000
$70,000,000
$60,000,000
$50,000,000
$40,000,000
$30,000,000
$20,000,000
$10,000,000
$0
A
B
Current Allocations
Legend
A
B
C
D
C
D
Recommended Allocations & Advanced Planning
Year
2019
2024
2048
2051
Event
Current year + 5
Current year + 10
1st death
2nd death
12
Strategic Wealth Planning Summary - Current Allocations vs. Recommended Allocations & Advanced Planning
Projected Estate Summary
Jack & Jill Flash
Family Wealth Transfer Comparison at Key Points
$300,000,000
$250,000,000
$200,000,000
$150,000,000
$100,000,000
$50,000,000
$0
A
B
Current Allocations
Legend
A
B
C
D
C
D
Recommended Allocations & Advanced Planning
Year
2019
2024
2048
2051
Event
Current year + 5
Current year + 10
1st death
2nd death
13
Strategic Wealth Planning Illustration
An Integrated Analysis of
CASH FLOWS, NET WORTH & ESTATE PLANNING
AN ANALYSIS PREPARED EXCLUSIVELY FOR
Jack & Jill Flash
Recommended Allocations & Advanced Planning
1
Strategic Wealth Planning Illustration - Recommended Allocations & Advanced Planning
Net Worth Summary
Jack & Jill Flash
As of January 1, 2014
Financial Assets
Cash management fund
Account #1
Account #2
Account #3
Cash & Investments
Employer stock held in taxable accounts
Restricted share units
Other nonvested employer shares
Nonqualified stock options
Incentive stock options
Nonvested stock options
Employer Stock & Options
Qualified retirement plans
Traditional IRAs
Nonqualified plans
Nonqualified annuities
Life insurance cash values
Retirement Plans, Annuities & Insurance Cash Values
Financial Assets
Jack
Unmarketable Assets
Closely held businesses
Investment real estate
Notes receivable
Art & collectibles
Other unmarketable assets
Unmarketable Assets
Jack
10,000,000
0
29,752
0
50,000
10,079,752
Jill
Personal Assets
Principal residence
Other residences
Personal property
Personal Assets
Jack
Jill
Total Assets
Jill
0
670,395
0
0
670,395
0
0
0
0
0
0
0
500,000
165,000
0
55,000
25,000
745,000
1,415,395
0
0
430,000
0
430,000
40,000
6,250
25,000
3,300
2,250
2,400
79,200
325,000
50,000
512,000
55,000
0
942,000
1,451,200
25,000
1,000,000
10,919
0
35,000
1,070,919
Joint
100,000
0
0
325,000
425,000
0
0
0
0
0
0
0
0
0
0
0
0
0
425,000
Total
100,000
670,395
430,000
325,000
1,525,395
40,000
6,250
25,000
3,300
2,250
2,400
79,200
825,000
215,000
512,000
110,000
25,000
1,687,000
3,291,595
Joint
0
525,000
0
80,000
0
605,000
Total
10,025,000
1,525,000
40,670
80,000
85,000
11,755,670
0
0
0
0
0
0
0
0
Joint
850,000
590,000
240,000
1,680,000
Total
850,000
590,000
240,000
1,680,000
11,495,147
2,522,119
2,710,000
16,727,265
2
Strategic Wealth Planning Illustration - Recommended Allocations & Advanced Planning
Net Worth Summary
Jack & Jill Flash
Current Liabilities
25 Breezy Way
423 Sun Circle
1615 Grove Lane
Outstanding Debts
Income taxes on deferred ordinary income
Capital gains taxes on unrealized gains
Estimated Deferred Tax Obligations
Total Liabilities
Net Worth
After-tax education funds
Total Family Wealth
As of January 1, 2014
Jack
0
0
0
0
290,745
1,621,246
1,911,991
1,911,991
Jill
0
0
0
0
359,523
144,866
504,388
504,388
Joint
641,778
239,259
261,648
1,142,686
0
71,300
71,300
1,213,986
Total
641,778
239,259
261,648
1,142,686
650,268
1,837,411
2,487,679
3,630,365
9,583,156
2,017,730
1,496,014
13,096,900
39,945
13,136,845
3
Strategic Wealth Planning Illustration - Recommended Allocations & Advanced Planning
Financial Assets & Cash Flow Summary
Jack & Jill Flash
Cash Flow Sufficiency & Financial Asset Depletion
Cash flow needs are met in all years between 2014 and 2051
First year when financial assets are depleted
Jack's attained age at year end when financial assets are depleted
Aggregate ending financial asset balances
Outstanding balance of defict-funding loan in 2051
No
NA
NA
168,880
3,721,787
Projected Cash Flows Discounted @ 3.0%
Present value of projected cash inflows between 2014 and 2051
Present value of projected cash outflows between 2014 and 2051
Present value of cash flow surplus/-deficit
27,456,676
35,373,248
-7,916,572
Projected Cash Flows
Projected Financial Assets
$9,000,000
$16,000,000
$8,000,000
$14,000,000
$7,000,000
$12,000,000
$6,000,000
$10,000,000
$5,000,000
$8,000,000
$4,000,000
$6,000,000
$3,000,000
$4,000,000
$2,000,000
$1,000,000
$2,000,000
$0
$0
Cash Inflows
Cash Outflows
The chart above illustrates the projected cash flows through 2051.
Financial Assets
Deficit-Funding Loan
The chart above illustrates financial asset trends through 2051.
4
Strategic Wealth Planning Illustration - Recommended Allocations & Advanced Planning
Annual Cash Flows, Net Worth & Net to Heirs Summary - Future Dollars
Jack & Jill Flash
Cash Flows
Year
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
Cash Inflows
1,045,015
1,026,612
1,097,742
1,175,621
1,257,906
1,343,521
1,443,175
1,555,795
2,493,976
1,498,154
700,838
683,772
705,397
703,831
1,341,791
722,075
901,309
7,182,934
818,600
1,857,648
695,385
702,180
711,906
721,930
730,422
737,360
744,013
748,875
752,505
754,690
754,174
751,579
746,195
728,977
661,445
1,571,485
188,808
194,566
Cash Outflows
592,148
580,806
595,849
613,994
634,726
662,064
690,682
667,950
1,394,544
644,043
659,352
621,022
558,352
578,392
598,794
611,568
632,725
654,277
668,235
690,612
713,421
736,673
752,383
776,564
801,231
826,398
852,081
878,293
905,051
924,373
952,275
988,772
1,017,886
1,047,632
1,078,031
5,734,195
975,865
1,075,509
Net Worth
Taxes
320,020
398,317
432,595
469,254
506,970
551,905
596,493
655,537
845,385
845,007
501,492
472,950
512,666
548,120
613,119
651,375
774,646
817,984
475,750
706,880
558,995
473,386
505,337
539,760
575,184
612,266
652,486
695,466
742,515
794,410
851,403
915,025
985,926
1,131,042
1,701,494
2,085,757
3,922,972
1,654,718
Cash Flow
Surplus/
-Deficit
132,847
47,489
69,298
92,373
116,210
129,552
156,000
232,308
254,047
9,104
-460,006
-410,200
-365,621
-422,681
129,878
-540,868
-506,062
5,710,673
-325,385
460,156
-577,031
-507,879
-545,814
-594,394
-645,993
-701,304
-760,554
-824,884
-895,061
-964,093
-1,049,504
-1,152,218
-1,257,617
-1,449,697
-2,118,080
-6,248,467
-4,710,029
-2,535,661
Financial
Assets
3,399,425
3,781,651
4,213,228
4,671,724
5,221,331
5,825,761
6,511,939
7,311,359
8,071,144
7,741,257
7,486,297
7,376,525
7,319,894
7,092,229
7,544,862
7,361,741
7,021,946
12,996,790
13,189,217
13,953,933
14,010,154
14,141,048
14,242,812
14,302,477
14,315,438
14,276,019
14,176,558
14,009,187
13,763,985
13,437,279
13,008,749
12,454,613
11,764,232
10,857,748
9,327,760
3,423,253
164,351
168,880
Unmarketable
Assets
7,275,194
7,895,792
8,531,851
9,192,836
9,881,068
10,599,655
11,339,883
12,099,310
7,318,263
7,245,873
7,193,273
7,135,121
7,071,058
7,000,705
6,923,660
6,839,502
6,747,785
248,550
140,280
144,489
148,824
153,288
157,887
162,624
167,502
172,527
177,703
183,034
188,525
194,181
200,006
206,007
212,187
218,552
225,109
231,862
238,818
245,983
Personal
Assets
1,716,900
1,759,089
1,806,477
1,859,008
1,916,654
1,979,417
2,047,326
2,120,437
2,198,831
2,282,612
2,371,909
2,466,876
2,567,686
2,674,539
2,125,519
2,225,280
2,331,221
2,443,617
2,562,764
1,742,881
1,819,757
1,901,022
1,986,871
2,077,517
2,173,187
2,274,126
2,380,596
2,492,877
2,611,269
2,736,090
2,867,680
3,006,400
3,152,633
3,306,787
3,469,295
3,640,614
3,821,233
4,011,667
Intrafamily Wealth Transfers
Total
Liabilities
1,102,567
1,047,988
963,713
874,687
778,907
657,335
530,169
416,587
345,415
181,575
61,204
51,678
58,736
71,785
75,811
94,544
126,014
112,348
39,130
161,312
51,650
58,348
66,928
75,890
85,292
95,715
106,626
118,594
131,911
146,567
163,310
182,382
270,734
782,371
1,095,507
2,961,358
1,760,700
4,028,765
Net Worth
11,288,952
12,388,544
13,587,844
14,848,881
16,240,146
17,747,499
19,368,979
21,114,519
17,242,823
17,088,167
16,990,275
16,926,843
16,899,902
16,695,688
16,518,230
16,331,979
15,974,938
15,576,608
15,853,132
15,679,990
15,927,085
16,137,010
16,320,642
16,466,728
16,570,836
16,626,957
16,628,231
16,566,504
16,431,868
16,220,983
15,913,126
15,484,637
14,858,318
13,600,716
11,926,657
4,334,372
2,463,702
397,764
Irrevocable
Trusts &
Education
Funds
5,630,047
5,969,659
6,357,940
6,807,744
7,316,997
7,892,243
8,533,814
9,245,582
15,183,475
17,198,085
19,627,250
22,307,489
25,254,272
28,501,192
32,077,000
36,005,200
40,327,687
45,082,252
49,545,674
54,412,717
59,718,502
65,501,247
71,794,559
78,651,125
86,120,268
94,255,737
103,116,114
112,765,282
123,272,928
134,707,094
147,158,175
160,724,803
175,498,620
191,587,887
211,610,995
235,611,260
256,629,992
279,512,879
Total
Pretax
Family Wealth
16,918,999
18,358,203
19,945,783
21,656,625
23,557,143
25,639,742
27,902,793
30,360,101
32,426,298
34,286,252
36,617,525
39,234,333
42,154,175
45,196,880
48,595,231
52,337,180
56,302,625
60,658,860
65,398,806
70,092,707
75,645,587
81,638,258
88,115,201
95,117,853
102,691,103
110,882,694
119,744,346
129,331,786
139,704,796
150,928,078
163,071,301
176,209,441
190,356,938
205,188,603
223,537,652
239,945,632
259,093,694
279,910,644
Net
to Heirs
18,250,064
19,335,243
20,443,418
21,620,240
22,879,306
24,497,839
25,915,207
27,436,391
26,852,981
29,919,410
32,052,523
34,406,868
37,023,011
39,822,164
42,903,173
46,281,329
50,029,059
55,449,509
59,578,233
63,885,520
68,729,316
73,980,965
79,624,065
85,804,724
92,523,782
99,830,832
107,701,015
116,078,555
125,159,503
135,003,592
145,675,136
157,244,055
169,814,920
183,491,213
198,343,328
214,792,862
232,293,168
250,980,097
5
Strategic Wealth Planning Illustration
Supporting Schedules for
INTEGRATED CASH FLOWS
AN ANALYSIS PREPARED EXCLUSIVELY FOR
Jack & Jill Flash
Recommended Allocations & Advanced Planning
6
Strategic Wealth Planning Illustration - Recommended Allocations & Advanced Planning
Integrated Cash Flows Illustration
Jack & Jill Flash
Year
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
Part 1 of 3
Cash
Management
Fund
Beginning
Balance
100,000
100,000
100,000
100,000
100,000
100,001
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
Beginning of Year Cash Flows
Life
Insurance
Proceeds
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
982,737
0
0
IDGT Gift,
Loan Proceeds
& Disposition of Bypass Trust
Funding &
Unmarketable
Assets
Purchases
85,000
0
0
0
0
0
0
0
1,368,569
103,939
82,097
85,380
88,796
92,348
738,892
99,883
103,878
108,034
112,355
892,552
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
20,000
10,000
0
0
0
0
0
0
711,054
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,786,093
0
0
End of Year Cash Inflows
Ed Fund &
Nonqualified
Annuity
Contributions
45,000
15,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Unpaid
Prior-Year
Taxes
0
53,382
60,984
56,437
70,817
78,612
80,910
96,382
112,477
176,438
95,578
46,570
51,678
58,736
71,785
75,811
94,544
126,014
112,348
39,130
161,312
51,650
58,348
66,928
75,890
85,292
95,715
106,626
118,594
131,911
146,567
163,310
182,382
270,734
782,371
1,095,507
2,961,358
574,574
Investable
Balance
120,000
21,618
39,016
43,563
29,183
21,389
19,090
3,618
645,038
27,501
86,519
138,810
137,118
133,612
767,107
124,072
109,334
82,020
100,007
953,422
0
48,350
41,652
33,072
24,110
14,708
4,285
0
0
0
0
0
0
0
0
0
0
0
Investment
Income
Generated by
this Fund
2,400
432
780
871
584
428
382
72
12,901
550
1,730
2,776
2,742
2,672
15,342
2,481
2,187
1,640
2,000
19,068
0
967
833
661
482
294
86
0
0
0
0
0
0
0
0
0
0
0
Other Portfolio
Income &
Planned
Distributions
54,580
63,352
68,241
74,408
81,966
91,009
101,075
112,856
128,892
146,649
152,966
136,269
121,374
108,094
91,453
101,553
78,788
56,839
342,362
339,917
376,337
362,770
352,090
339,101
323,183
304,069
281,448
254,982
224,267
188,843
148,577
102,465
49,414
0
0
0
0
0
Planned
Employer
Stock/Option
Cash Inflows
3,611
1,563
349
250
257
265
321
4,483
385
28,294
37,317
35,575
33,908
32,325
30,820
29,380
28,010
26,700
25,459
238,059
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7
Strategic Wealth Planning Illustration - Recommended Allocations & Advanced Planning
Integrated Cash Flows Illustration
Jack & Jill Flash
Part 2 of 3
End of Year Cash Inflows
Year
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
Planned
IRA
Distributions
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
202,923
108,324
114,498
260,879
210,414
228,330
247,350
268,984
292,003
316,633
344,476
374,210
406,855
442,714
480,693
522,400
568,218
598,534
529,081
405,474
0
0
Qualified &
Nonqualified
Plan
Distributions
0
0
0
0
0
0
0
0
0
561,614
128,182
128,182
128,182
128,182
128,182
128,182
128,182
128,182
128,182
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
Nonqualified
Annuity
Distributions
0
0
0
0
0
0
0
0
0
0
9,727
9,727
9,727
22,334
22,334
22,334
22,334
22,334
22,334
22,334
22,334
22,334
22,334
22,334
22,334
22,334
22,334
22,334
22,334
22,334
22,334
22,334
22,334
22,334
22,334
17,470
17,470
17,470
Trust
Distributions
250,000
258,607
268,479
279,801
292,787
307,681
324,763
344,354
365,606
365,606
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
93,807
98,141
102,675
End of Year Cash Outflows
Business &
Real Estate
Income
327,250
357,233
388,044
420,157
453,545
488,166
523,957
560,825
37,951
35,523
32,839
29,883
26,639
23,087
19,208
14,982
10,388
5,402
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Payments
on Notes
Receivable
10,675
10,675
10,675
10,675
7,451
0
0
0
255,980
255,980
255,980
255,980
255,980
255,980
255,980
255,980
255,980
6,655,470
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Non-AssetInterest
Interest
Based &
Paid on
Paid on
Other
Miscellaneous Option Exercise Deficit-Funding
Nontax
Income
Loan
Loan
Cash Outflows
311,500
334,750
361,173
389,458
421,315
455,972
492,678
533,205
323,692
0
0
0
38,050
38,810
39,580
67,300
68,640
70,010
71,410
72,840
74,300
75,780
77,300
78,850
80,420
82,030
83,670
85,350
87,050
88,800
90,570
92,380
94,230
96,110
98,030
59,997
61,197
62,421
0
315
651
651
651
651
651
651
651
651
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
71,168
461,149
433,492
473,198
483,343
504,074
523,414
552,031
521,299
541,839
499,392
515,352
469,021
406,352
418,392
430,794
443,568
456,725
470,277
484,235
498,612
513,420
528,673
544,383
560,565
577,232
594,398
612,080
630,293
649,052
668,373
688,274
708,773
729,886
751,632
774,031
792,102
815,865
840,341
Nonqualified
Annuity
Contributions
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
5,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Estimated Tax
Payments &
Withholdings
320,020
344,935
371,611
412,817
436,153
473,293
515,583
559,155
732,908
668,569
405,914
426,380
460,988
489,384
541,334
575,564
680,102
691,970
363,402
667,750
397,683
421,736
446,989
472,832
499,294
526,974
556,771
588,840
623,921
662,499
704,836
751,715
803,544
860,308
919,123
990,250
961,614
1,080,144
8
Strategic Wealth Planning Illustration - Recommended Allocations & Advanced Planning
Integrated Cash Flows Illustration
Jack & Jill Flash
Year
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
Part 3 of 3
Annual
Gifts
56,000
112,000
112,000
120,000
120,000
128,000
128,000
136,000
136,000
144,000
144,000
152,000
152,000
160,000
168,000
168,000
176,000
184,000
184,000
192,000
200,000
208,000
208,000
216,000
224,000
232,000
240,000
248,000
256,000
256,000
264,000
280,000
288,000
296,000
304,000
156,000
160,000
164,000
Transfers to
Taxable
Investments
132,847
47,489
69,298
92,372
116,211
129,553
156,000
232,308
254,046
9,104
0
0
0
0
129,878
0
0
5,710,674
0
460,156
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Cash
Management
Fund
Ending
Balance
100,000
100,000
100,000
100,000
100,001
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
Cash Flow Deficit-Funding Sources
Cash Flow
Surplus/
-Deficit
132,847
47,489
69,298
92,372
116,211
129,553
156,001
232,308
254,047
9,104
-460,006
-410,199
-365,621
-422,681
129,878
-540,867
-506,063
5,710,674
-325,386
460,156
-577,031
-507,878
-545,813
-594,394
-645,994
-701,304
-760,554
-824,884
-895,061
-964,093
-1,049,504
-1,152,218
-1,257,617
-1,449,697
-2,118,080
-6,248,468
-4,710,029
-2,535,661
Cash
Management
Fund
Sales from
Account #1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
460,005
410,199
365,621
422,681
0
236,984
0
0
325,386
0
577,030
507,878
545,813
594,394
645,994
125,890
0
0
0
0
0
0
0
0
0
0
0
0
Sales from
Account #2
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
303,883
506,063
0
0
0
0
0
0
0
0
575,414
760,554
824,884
895,061
964,093
1,049,504
715,730
0
0
0
0
0
0
Sales from
Account #3
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
436,489
1,036,094
0
0
0
0
0
Additional
Nonqualified
Annuity
Distributions
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
522,409
882,470
0
Additional
Roth IRA
Distributions
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,641,433
0
Additional
Traditional IRA
Distributions
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
221,523
1,449,697
2,118,080
5,726,059
0
0
9
Strategic Wealth Planning Illustration - Recommended Allocations & Advanced Planning
Cash Outflows Other Than Purchases, Gifts & Savings
Jack & Jill Flash
Scheduled Expenses
Year
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
Living
Expenses
230,000
236,900
244,007
251,327
258,867
266,633
274,632
282,871
291,357
300,098
309,101
318,374
327,925
337,763
347,896
358,333
369,082
380,155
391,560
403,306
415,406
427,868
440,704
453,925
467,543
481,569
496,016
510,896
526,223
542,010
558,270
575,018
592,269
610,037
628,338
647,188
666,604
686,602
Charitable
Contributions
20,000
20,600
21,218
21,855
22,510
23,185
23,881
24,597
25,335
26,095
26,878
27,685
28,515
29,371
30,252
31,159
32,094
33,057
34,049
35,070
36,122
37,206
38,322
39,472
40,656
41,876
43,132
44,426
45,759
47,131
48,545
50,002
51,502
53,047
54,638
56,277
57,966
59,705
Property
Taxes
21,500
22,145
22,809
23,494
24,198
24,924
25,672
26,442
27,236
28,053
28,894
29,761
30,654
31,573
32,521
33,496
34,501
35,536
36,602
37,700
38,831
39,996
41,196
42,432
43,705
45,016
46,367
47,758
49,190
50,666
52,186
53,752
55,364
57,025
58,736
60,498
62,313
64,182
Miscellaneous
Deductions
Subject to
2% of AGI Floor
5,000
5,150
5,305
5,464
5,628
5,796
5,970
6,149
6,334
6,524
6,720
6,921
7,129
7,343
7,563
7,790
8,024
8,264
8,512
8,768
9,031
9,301
9,581
9,868
10,164
10,469
10,783
11,106
11,440
11,783
12,136
12,500
12,875
13,262
13,660
14,069
14,491
14,926
Medical
Expenses
5,000
5,150
5,305
5,464
5,628
5,796
5,970
6,149
6,334
6,524
6,720
6,921
7,129
7,343
7,563
7,790
8,024
8,264
8,512
8,768
9,031
9,301
9,581
9,868
10,164
10,469
10,783
11,106
11,440
11,783
12,136
12,500
12,875
13,262
13,660
14,069
14,491
14,926
Insurance
Premiums
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
0
0
0
Stock Option
Exercise
Costs
0
0
0
0
0
0
8,800
0
7,850
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Planned
Debt
Service
109,714
109,714
109,714
109,714
109,714
109,714
109,714
87,609
78,974
78,974
76,523
15,512
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Education
Costs
Funded from
General Assets
8,000
8,480
30,141
21,438
22,725
26,841
25,533
15,036
19,664
45,482
55,516
58,847
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Cash Flow
Surplus
Applied to
Debt Service
56,934
20,352
29,699
39,588
49,805
55,523
66,857
67,444
73,755
2,643
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total
Cash Outflows
461,149
433,492
473,198
483,343
504,074
523,414
552,031
521,299
541,839
499,392
515,352
469,021
406,352
418,392
430,794
443,568
456,725
470,277
484,235
498,612
513,420
528,673
544,383
560,565
577,232
594,398
612,080
630,293
649,052
668,373
688,274
708,773
729,886
751,632
774,031
792,102
815,865
840,341
10
Strategic Wealth Planning Illustration
Supporting Schedules for
ESTATE & WEALTH TRANSFER ANALYSIS
AN ANALYSIS PREPARED EXCLUSIVELY FOR
Jack & Jill Flash
Recommended Allocations & Advanced Planning
11
Strategic Wealth Planning Illustration - Recommended Allocations & Advanced Planning
Estate Flow Illustration in 2051
Jack & Jill Flash
Illustration Assumes That Death Occurs in 2051
Projected Net Worth
$397,764
Irrevocable Trusts
$215,407,887
Total Insurance
$7,129,264
Gross Estate
$397,764
Estate Settlement
$7,955
Adj Gross Estate
$389,809
After-Tax Estate
$389,809
Income & Deferred
Taxes
$35,072,159
Bypass Trust
$5,370,953
Annual Gift Fund
$18,572,278
Net to Heirs
in 2051
$250,980,097
ILIT
$46,311,328
2nd Gen Estate
Taxes
$30,603,950
Net to 3rd Gen
in 2051
$220,376,147
12
Strategic Wealth Planning Illustration - Recommended Allocations & Advanced Planning
Annual Net to Heirs Illustration
Jack & Jill Flash
Part 1 of 2
NOTE: Estate taxes are calculated assuming Jack's estate funds a bypass trust at death.
Federal Estate & State Death Taxes
Year
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
Net Worth
Includible in
Gross
Estate
9,261,473
10,162,296
11,155,416
12,202,060
13,371,045
14,648,712
16,033,765
17,537,024
17,104,773
16,960,351
16,864,295
16,803,077
16,778,754
16,577,590
16,403,646
16,221,403
15,868,899
15,475,668
15,757,892
15,578,939
15,819,930
16,023,448
16,200,352
16,339,373
16,436,063
16,484,396
16,477,492
16,407,178
16,263,526
16,043,174
15,725,376
15,286,450
14,649,171
13,380,062
11,693,920
4,334,372
2,463,702
397,764
Irrevocable
Trusts with
Retained
Interests
3,361,895
3,490,229
3,637,419
3,806,234
3,999,852
4,221,917
4,476,608
4,768,720
5,103,323
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Includible
Life
Insurance
Death Benefits
827,300
829,715
832,251
834,913
837,709
840,644
843,727
846,963
850,361
803,929
807,676
811,609
815,740
820,077
824,631
829,412
834,433
839,704
845,240
851,052
857,154
863,562
870,290
877,355
884,772
892,561
900,739
909,326
918,342
927,809
937,750
948,187
959,147
970,654
982,737
0
0
0
Gross
Estate
13,450,668
14,482,240
15,625,085
16,843,207
18,208,606
19,711,273
21,354,100
23,152,707
23,058,457
17,764,280
17,671,970
17,614,686
17,594,494
17,397,667
17,228,277
17,050,816
16,703,332
16,315,372
16,603,132
16,429,990
16,677,085
16,887,010
17,070,642
17,216,728
17,320,836
17,376,957
17,378,231
17,316,504
17,181,868
16,970,983
16,663,126
16,234,637
15,608,318
14,350,716
12,676,657
4,334,372
2,463,702
397,764
Estate
Settlement
Costs
269,013
289,645
312,502
336,864
364,172
394,225
427,082
463,054
461,169
355,286
353,439
352,294
351,890
347,953
344,566
341,016
334,067
326,307
332,063
328,600
333,542
337,740
341,413
344,335
346,417
347,539
347,565
346,330
343,637
339,420
333,263
324,693
312,166
287,014
253,533
86,687
49,274
7,955
Estate Tax
Charitable
Deduction
2,070,657
2,179,418
2,295,101
2,418,254
2,549,477
2,689,424
2,838,807
2,998,404
3,169,064
2,751,194
2,740,495
2,727,469
2,711,928
2,693,671
2,672,485
2,648,141
2,344,182
1,660,430
1,618,663
1,145,402
1,063,752
945,661
958,052
788,469
550,495
245,494
0
0
0
0
0
0
0
0
0
0
0
0
State
Death Tax
Deduction
711,100
741,318
772,748
800,409
829,696
462,762
584,821
721,125
706,375
203,335
169,359
139,047
110,623
67,159
24,678
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Federal
Taxable
Estate
10,399,898
11,271,859
12,244,734
13,287,681
14,465,261
16,164,861
17,503,390
18,970,124
18,721,848
14,454,466
14,408,678
14,395,877
14,420,054
14,288,883
14,186,549
14,061,658
14,025,083
14,328,635
14,652,406
14,955,989
15,279,791
15,603,609
15,771,177
16,083,924
16,423,924
16,783,924
17,030,666
16,970,174
16,838,231
16,631,564
16,329,863
15,909,945
15,296,151
14,063,702
12,423,124
4,247,684
2,414,428
389,809
State
Taxable
Estate
11,110,998
12,013,176
13,017,483
14,088,089
15,294,957
16,627,624
18,088,211
19,691,248
19,428,223
14,657,801
14,578,037
14,534,924
14,530,676
14,356,043
14,211,227
14,061,658
14,025,083
14,328,635
14,652,406
14,955,989
15,279,791
15,603,609
15,771,177
16,083,924
16,423,924
16,783,924
17,030,666
16,970,174
16,838,231
16,631,564
16,329,863
15,909,945
15,296,151
14,063,702
12,423,124
4,247,684
2,414,428
389,809
Post-1976
Adjusted
Taxable Gifts
325,000
325,000
325,000
325,000
325,000
325,000
325,000
325,000
1,036,054
1,036,077
1,036,077
1,036,077
1,036,077
1,036,077
1,036,077
1,036,077
1,036,077
1,036,077
1,036,077
1,036,077
1,036,077
1,036,077
1,036,077
1,036,077
1,036,077
1,036,077
1,036,077
1,036,077
1,036,077
1,036,077
1,036,077
1,036,077
1,036,077
1,036,077
1,036,077
680,527
680,527
680,527
Federal
Estate Tax
17,959
206,743
507,894
837,072
1,212,104
1,795,944
2,235,356
2,726,049
2,815,161
1,004,217
881,902
772,781
670,452
513,984
361,050
191,094
64,464
65,885
67,393
68,826
70,347
71,874
10,901
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
State
Death Taxes
711,100
741,318
772,748
800,409
829,696
462,762
584,821
721,125
706,375
203,335
169,359
139,047
110,623
67,159
24,678
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
13
Strategic Wealth Planning Illustration - Recommended Allocations & Advanced Planning
Annual Net to Heirs Illustration
Jack & Jill Flash
Part 2 of 2
Net Wealth Transfer to Heirs
Year
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
After-Tax
Taxable
Estate
10,381,939
11,065,115
11,736,841
12,450,608
13,253,157
14,368,917
15,268,034
16,244,074
15,906,687
13,450,249
13,526,776
13,623,095
13,749,601
13,774,899
13,825,499
13,870,564
13,960,619
14,262,750
14,585,013
14,887,163
15,209,444
15,531,735
15,760,276
16,083,924
16,423,924
16,783,924
17,030,666
16,970,174
16,838,231
16,631,564
16,329,863
15,909,945
15,296,151
14,063,702
12,423,124
4,247,684
2,414,428
389,809
Valuation
Discounts for
Unmarketable
Property
3,810,430
4,075,887
4,358,787
4,661,418
4,985,158
5,331,483
5,701,969
6,098,305
2,835,632
73,887
68,304
62,157
55,409
48,021
39,953
31,164
21,607
11,235
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total
Bequest
Before
Income Taxes
14,192,369
15,141,003
16,095,628
17,112,027
18,238,315
19,700,400
20,970,003
22,342,379
18,742,320
13,524,136
13,595,080
13,685,252
13,805,010
13,822,920
13,865,452
13,901,728
13,982,226
14,273,986
14,585,013
14,887,163
15,209,444
15,531,735
15,760,276
16,083,924
16,423,924
16,783,924
17,030,666
16,970,174
16,838,231
16,631,564
16,329,863
15,909,945
15,296,151
14,063,702
12,423,124
4,247,684
2,414,428
389,809
Income Taxes
on IRD
0
0
0
18,156
81,692
139,867
218,546
304,066
993,405
1,293,537
1,366,200
1,463,559
1,569,187
1,662,264
1,797,163
1,949,063
2,135,662
1,413,072
1,513,986
1,785,601
1,934,009
2,102,637
2,244,181
2,450,342
2,686,761
2,956,870
3,206,178
3,355,359
3,508,475
3,664,828
3,824,118
3,985,288
4,052,635
3,598,624
2,873,718
364,269
27,414
29,343
Net Bequest
to Heirs
Other Than
Bypass Trust
8,852,369
9,601,002
10,445,628
11,333,871
12,276,623
13,560,533
14,631,457
15,798,313
11,744,441
6,096,149
5,964,431
5,827,243
5,701,373
5,496,206
5,263,839
4,998,215
4,752,113
5,616,463
5,666,577
5,547,112
5,560,985
5,554,648
5,481,645
5,429,132
5,362,713
5,272,603
5,090,038
4,700,365
4,235,305
3,682,285
3,021,294
3,277,350
3,643,945
4,544,061
4,859,034
3,883,416
2,387,015
360,466
Bypass Trust
5,340,000
5,540,000
5,650,000
5,760,000
5,880,000
6,000,000
6,120,000
6,240,000
6,004,473
6,134,450
6,264,450
6,394,450
6,534,450
6,664,450
6,804,450
6,954,450
7,094,450
7,244,450
7,404,450
7,554,450
7,714,450
7,874,450
8,034,450
8,204,450
8,374,450
8,554,450
8,734,450
8,914,450
9,094,450
9,284,451
9,484,451
8,647,306
7,599,571
5,921,017
4,690,371
4,907,067
5,133,773
5,370,953
Annual Gift
Fund
0
0
0
0
0
0
0
0
136,000
290,637
457,120
644,158
845,171
1,069,075
1,317,503
1,584,213
1,878,468
2,202,268
2,549,755
2,930,601
3,347,239
3,802,273
4,290,495
4,822,275
5,400,787
6,029,433
6,711,860
7,451,978
8,253,977
9,114,352
10,045,297
11,059,946
12,156,429
13,340,682
14,619,070
15,842,424
17,157,869
18,572,278
Other Trusts & Irrevocable Life
Education
Insurance
Funds
Trusts
2,909,793
2,935,512
2,967,007
3,002,116
3,039,794
3,069,603
3,090,670
3,087,334
8,229,533
17,778,753
19,860,193
22,150,543
24,669,157
27,437,677
30,479,802
33,821,422
37,490,820
41,518,892
45,167,663
49,128,113
53,425,477
58,086,959
63,141,885
68,621,875
74,561,003
80,995,996
87,966,426
95,514,931
103,687,451
112,533,469
122,106,291
132,463,330
143,666,405
155,782,089
168,882,063
183,206,223
198,684,823
215,407,887
2,108,109
2,286,365
2,480,358
2,700,901
2,942,133
3,215,487
3,515,802
3,855,297
4,076,223
4,316,529
4,578,404
4,864,310
5,177,012
5,519,620
5,895,630
6,308,979
6,764,093
7,265,957
7,835,268
8,466,225
9,166,375
9,944,222
10,809,351
11,772,563
12,846,034
14,043,490
15,380,406
16,874,229
18,544,631
20,413,799
22,506,748
24,851,693
27,480,456
30,428,927
33,737,587
37,452,102
41,623,980
46,311,328
Deferred
Capital Gains
& Medicare
Taxes
960,206
1,027,636
1,099,575
1,176,648
1,259,244
1,347,784
1,442,722
1,544,552
3,337,689
4,697,107
5,072,075
5,473,836
5,904,152
6,364,864
6,858,051
7,385,949
7,950,886
8,398,523
9,045,480
9,740,981
10,485,211
11,281,587
12,133,762
13,045,571
14,021,205
15,065,141
16,182,166
17,377,398
18,656,312
20,024,763
21,488,944
23,055,570
24,731,888
26,525,563
28,444,798
30,498,370
32,694,292
35,042,816
Net
to Heirs
18,250,064
19,335,243
20,443,418
21,620,240
22,879,306
24,497,839
25,915,207
27,436,391
26,852,981
29,919,410
32,052,523
34,406,868
37,023,011
39,822,164
42,903,173
46,281,329
50,029,059
55,449,509
59,578,233
63,885,520
68,729,316
73,980,965
79,624,065
85,804,724
92,523,782
99,830,832
107,701,015
116,078,555
125,159,503
135,003,592
145,675,136
157,244,055
169,814,920
183,491,213
198,343,328
214,792,862
232,293,168
250,980,097
14
Strategic Wealth Planning Illustration - Recommended Allocations & Advanced Planning
Annual Net to Third Generation Illustration
Jack & Jill Flash
Exclusions From Second Generation Estates
Year
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
Net
to Heirs
18,250,064
19,335,243
20,443,418
21,620,240
22,879,306
24,497,839
25,915,207
27,436,391
26,852,981
29,919,410
32,052,523
34,406,868
37,023,011
39,822,164
42,903,173
46,281,329
50,029,059
55,449,509
59,578,233
63,885,520
68,729,316
73,980,965
79,624,065
85,804,724
92,523,782
99,830,832
107,701,015
116,078,555
125,159,503
135,003,592
145,675,136
157,244,055
169,814,920
183,491,213
198,343,328
214,792,862
232,293,168
250,980,097
Nonmarital
Bequests from
Jack's Estate
5,286,600
5,429,200
5,480,500
5,529,600
5,591,880
5,646,000
5,703,840
5,753,280
5,452,061
5,508,736
5,569,096
5,620,722
5,684,972
5,738,092
5,790,587
5,855,647
5,909,677
5,969,427
6,034,627
6,088,887
6,148,417
6,205,067
6,258,837
6,325,631
6,381,331
6,450,056
6,507,166
6,561,036
6,611,665
6,675,520
6,743,444
6,796,783
6,847,214
5,921,017
4,690,371
4,907,067
5,133,773
5,370,953
Reverse
QTIP Election
Marital Trust
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,280,101
2,416,907
2,561,922
2,715,637
Bequests from
Jill's Estate
Irrevocable
Life Insurance
Trusts
2,761,837
3,245,014
3,806,739
4,410,507
5,093,055
5,376,424
5,432,535
5,484,021
5,183,037
5,035,697
4,982,225
4,948,544
4,935,050
4,830,348
4,740,947
4,636,013
4,586,067
4,738,199
4,900,462
5,052,611
5,214,892
5,377,183
5,445,724
5,599,372
5,769,372
5,949,372
6,016,115
5,775,622
5,463,679
5,067,012
4,565,311
4,982,537
5,416,479
5,862,584
5,452,651
1,830,777
0
0
2,108,109
2,286,365
2,480,358
2,700,901
2,942,133
3,215,487
3,515,802
3,855,297
4,076,223
4,316,529
4,578,404
4,864,310
5,177,012
5,519,620
5,895,630
6,308,979
6,764,093
7,265,957
7,835,268
8,466,225
9,166,375
9,944,222
10,809,351
11,772,563
12,846,034
14,043,490
15,380,406
16,874,229
18,544,631
20,413,799
22,506,748
24,851,693
27,480,456
30,428,927
33,737,587
37,452,102
41,623,980
46,311,328
Annual Gift
Fund
0
0
0
0
0
0
0
0
136,000
289,434
453,648
637,511
834,489
1,053,589
1,296,434
1,556,758
1,843,867
2,159,704
2,498,355
2,869,501
3,275,495
3,718,862
4,194,310
4,712,191
5,275,576
5,887,760
6,552,281
7,272,934
8,053,788
8,891,212
9,797,335
10,785,134
11,852,506
13,005,228
14,249,495
15,435,952
16,712,904
18,086,810
Estate Taxes
ShopRight
IDGT &
Grandkids
Trust
2,824,460
2,844,621
2,866,191
2,889,261
2,913,932
2,940,308
2,968,501
2,998,631
5,645,196
6,570,317
7,604,371
8,758,998
10,046,997
11,482,430
13,080,825
14,859,271
16,836,570
19,190,330
20,857,717
22,674,792
24,654,028
26,808,888
29,153,906
31,704,773
34,478,419
37,493,115
40,768,571
44,326,047
48,188,477
52,380,593
56,929,065
61,862,647
67,212,337
73,011,544
79,296,280
86,268,078
93,815,931
101,985,494
Total
Estate
Exclusions
15,261,108
16,085,301
16,913,889
17,810,370
18,821,102
19,458,321
19,900,779
20,371,329
22,772,618
24,000,814
25,467,845
27,110,186
28,958,620
30,904,179
33,084,525
35,496,770
38,220,376
41,603,718
44,406,531
47,432,118
50,739,309
54,334,324
58,142,230
62,394,632
67,030,833
72,103,895
77,504,640
83,089,968
89,142,343
95,708,237
102,822,004
111,558,896
121,089,093
130,509,400
139,706,486
148,310,883
159,848,510
174,470,222
Amount
Subject to
Estate Taxes
2,988,956
3,249,941
3,529,529
3,809,870
4,058,204
5,039,518
6,014,428
7,065,062
4,080,363
5,918,596
6,584,678
7,296,683
8,064,391
8,917,985
9,818,649
10,784,559
11,808,683
13,845,791
15,171,702
16,453,402
17,990,006
19,646,641
21,481,835
23,410,093
25,492,949
27,726,937
30,196,376
32,988,587
36,017,160
39,295,355
42,853,132
45,685,160
48,725,827
52,981,812
58,636,842
66,481,979
72,444,658
76,509,874
Second
Generation
Estate Taxes
1,195,583
1,299,977
1,411,812
1,523,948
1,623,282
2,015,807
2,405,771
2,826,025
1,632,145
2,367,438
2,633,871
2,918,673
3,225,756
3,567,194
3,927,460
4,313,824
4,723,473
5,538,316
6,068,681
6,581,361
7,196,003
7,858,657
8,592,734
9,364,037
10,197,179
11,090,775
12,078,550
13,195,435
14,406,864
15,718,142
17,141,253
18,274,064
19,490,331
21,192,725
23,454,737
26,592,792
28,977,863
30,603,950
Net
to Third
Generation
17,054,481
18,035,266
19,031,607
20,096,292
21,256,024
22,482,032
23,509,436
24,610,367
25,220,836
27,551,972
29,418,652
31,488,195
33,797,255
36,254,970
38,975,714
41,967,505
45,305,586
49,911,193
53,509,552
57,304,159
61,533,313
66,122,309
71,031,331
76,440,687
82,326,602
88,740,057
95,622,465
102,883,120
110,752,639
119,285,450
128,533,883
138,969,992
150,324,589
162,298,488
174,888,591
188,200,070
203,315,305
220,376,147
15