Subject: Re: Re: Re: Re: Primerica is MLM by legal definition

Comments:
: : : : : When I said that my agents could hire agents, what I meant is that they could cause an agent to be hired by MY AGENCY, AND RECEIVE AN OVER-RIDE. : : In my agency there is only one level, just like New York Life. : : In MLM, like PFS, there is multi-levels, up lines , down lines. : : Kid, just like you didn't know anything about annuities, you don't anything about the insurance business. : : : : BTW: I DON'T CARE IF ANY MARKETING OPERATIONS ARE MLM, OR NOT! : -------------------------------------------------- : TERRY............. : You asked a question to two other message boards so I thought I would answer it for you again so you don't have to ask it once more. : The answer to your question..... : A credit shelter trust is a tax planning trust which assures that your federal estate tax exemption is sheltered rather than wasted by your death. It can be established during your lifetime or upon death depending on whether you want to avoid probate or not. It allows you and your spouse to pass on an estate worth up to $1,000,000.00 during years 2002 and 2003 without incurring any transfer taxes. : Here is how it works: : The government allows individuals to pass on an estate worth up to $1,000,000 during years 2002 and 2003 without incurring estate or gift taxes. However, spouses are exempt from this rule and have the ability to give an unlimited amount to each other during life or at death. This unique exemption from estate and gift taxes is called the "marital deduction" and much planning is done to avoid its traps. : Lets say that your combined estate is worth $2,000,000 and you have a will leaving everything to your spouse. If you die first your estate will not incur any transfer taxes since the marital deduction allows you to pass on an unlimited amount to your spouse. However, if your spouse dies at the same time you do or during the years 2002 or 2003, your spouse's estate will pay $435,000 in federal estate tax since she can only give away $1,000,000 and no longer has a marital deduction because of your death. : If instead you had given $1,000,000 to a credit shelter trust for the benefit of your spouse, children or other beneficiaries, you would have fully used your exemption amount ($1,000,000) by giving it to some entity other than your spouse. The remainder $1,000,000 could have been given to your spouse and since your spouse also has the ability to give up to $1,000,000 to anyone without incurring estate tax, no estate tax is due on your spouse's death. :) : ----------------------------- :

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