Since estate taxes are assessed only when bequests are left to someone other than a husband or wife — most commonly, when estates pass,
after parents»
death, to the children — it's smart to buy enough second - to - die coverage in the name
of the beneficiary to
pay off future estate - tax bills.
Seventeen years ago, Sepha Stephanos fled the Ethiopian Revolution
after witnessing soldiers beat his father to the point
of certain
death, selling off his
parents» jewelry to
pay for passage to the United States.