Asset investment tool
AssigneeLiving Legacy System, L.L.C.
InventorPaul H. Robb
Life of this patent
Estimating the term…
Abstract
A case management tool devises an investment strategy and simulates a post-mortem asset distribution that reduces tax ramifications while increasing the transfer of the assets to a beneficiary of an asset holder. In one implementation, a portion of the assets that is estimated to survive the asset holder is invested into a life insurance policy having proceeds that transfer to the beneficiary.
Claims14
An article of manufacture comprising a processor and a non-transitory computer readable medium having computer readable program code disposed therein to maximize a post-mortem asset disbursement, the computer readable program code comprising a series of computer readable program steps to effect:
- receiving information about one or more assets owned by an asset holder;
- setting, based on a life expectancy period of the asset holder, an expected aggregate expenditure of the asset holder over the life expectancy period;
- calculating a first investment corpus comprising the difference between a value for said one or more assets and said expected aggregate expenditure;
- calculating a first investment corpus life expectancy value for the first investment corpus;
- calculating a first estimated post-mortem tax liability imposed on said first investment corpus life expectancy value;
- setting a value for carve out funds deducted from the first investment corpus;
- calculating a second investment corpus comprising the difference between said first investment corpus and said carve out funds;
- calculating a second investment corpus life expectancy value for the second investment corpus;
- calculating a second estimated post-mortem tax liability imposed on said second investment corpus life expectancy value;
- and
- determining a value for life insurance proceeds paid at end of life expectancy, wherein said life insurance proceeds are realized from a life insurance policy covering said asset holder and purchased using said carve out funds.
A computer program product encoded in a non-transitory computer readable medium, said computer program product being useable by a programmable computer processor to maximize a post-mortem asset disbursement, comprising:
- computer readable program code which causes said programmable computer processor to receive information about one or more assets owned by an asset holder;
- computer readable program code which causes said programmable computer processor to set, based on a life expectancy period of the asset holder, an expected aggregate expenditure of the asset holder over the life expectancy period;
- computer readable program code which causes said programmable computer processor to calculate a first investment corpus comprising the difference between a value for said one or more assets and said aggregate expenditure;
- computer readable program code which causes said programmable computer processor to calculate a first investment corpus life expectancy value for the first investment corpus;
- computer readable program code which causes said programmable computer processor to calculate a first estimated post-mortem tax liability imposed on said first investment corpus life expectancy value;
- computer readable program code which causes said programmable computer processor to set a value for carve out funds deducted from the first investment corpus;
- computer readable program code which causes said programmable computer processor to calculate a second investment corpus comprising the difference between said first investment corpus and said carve out funds;
- computer readable program code which causes said programmable computer processor to calculate a second investment corpus life expectancy value for the second investment corpus;
- computer readable program code which causes said programmable computer processor to calculate a second estimated post-mortem tax liability imposed on said second investment corpus life expectancy value;
- and
- computer readable program code which causes said programmable computer processor to determine a value for life insurance proceeds paid at end of life expectancy, wherein said life insurance proceeds are realized from a life insurance policy covering said asset holder and purchased using said carve out funds.
Dependencies are inferred from the claim text.