To illustrate the potential financial benefits of gay people tying the knot in one of what will surely be called The Original 13 States, I just hopped onto my company's ESPlannerPLUS financial planning program and ran the case of Jerry and Ken, who are both 55 and live in CA. They both earned middle class salaries up till now, have a modest home with a mortgage, and $500,000 in regular assets.
Her resources consist of a $1,500 monthly Social Security check, $200,000 in regular assets and $300,000 in retirement funds.
In a typical private-equity fund, the managers get paid two per cent of assets as a regular fee, plus twenty per cent of the fund's profits.
Frank is offering Stacy the house and half their regular assets.
The couple also has $500,000 in regular assets, which they intend to split 50-50.
The 400Ks have current annual earnings of $400K, $400K in regular IRAs, and $400K in regular assets.
The couple has $700K in regular assets, which they invest conservatively and expect to earn 3% after inflation.
John also proposes dividing the couple's $200,000 in regular assets and $1 million in retirement assets in proportion to their labor earnings.
The first table below shows how much each couple's discretionary spending rises or falls if they convert half of their IRAs and use their regular assets to pay the extra taxes.
Wyser-Pratte has been angling to restructure France's Taittinger family empire, a regular hodgepodge of assets including two hotel chains, a champagne producer and Baccarat crystal.
A remainder trust has you transferring assets and getting in return a regular payout from those assets.
