Date: Sun, 27 Jun 2004 07:53:13 CST
From: "BMS" 
Newsgroups: misc.invest.financial-plan
References:  <5cb78c2d.0406261625.6e9cf9f6@posting.google.com>
Subject: Re:  Life insurance for young heir.
	iQBVAwUAQN7DOfl/I4+O31e5AQEDzwH/V6O/bXZZaWVwvBiVjUKag98jXluY2S/g
	UnIC0CKcjhjhL2DuRpVb8V0PAKzq50W2IVqRfmV2cFKUIAzps6y+XQ==
	=w+8I

The policy on the 6 year old doesn't make sense for paying the taxes.

However given the source of the money, life insurance on the donor would
make sense, probably using a irrevocable life insurance trust.

"aristotle"  wrote in message
news:5cb78c2d.0406261625.6e9cf9f6@posting.google.com...
> A 6 year old will inherit 5 million dollars in ten years.  Is it wise
> to purchase a large life insurance now that could be used to pay his
> spouse and or family's  future taxes.  I raise this issue because a
> multi million dollar policy is so inexpensive today for a 6 year old.
> What other tact might be considered for future generations.
>