IN THE NEWS: Scott Golden is featured in Wall Street Journal article

Sept. 15, 2010, The Wall Street Journal — In an article entitled, “Obsolete Approach to Wealth Preservation Makes a Comback,” Golden & Cohen founder Scott Golden was interviewed by reporter Joe Mullich who wrote: “After spending a lifetime building up assets to bequeath to your children and other heirs, the notion of what might happen to those assets after your death can be distressing. Your children might need to dispose of the family home or family business quickly at a fire sale price to pay the estate tax.”

Mullich added:

“The desire for wealth preservation, changes to tax laws and the economic downturn have combined to revive an estate-planning strategy that some braneded as “obsolete” only a few years ago — “survivorship insurance,” also known as “second-to-die insurance.”

Scott Golden explained:

“The overall internal rates of return (IRR) can vary based on age, health condition at time of underwriting and death of both of the insured, but on average, the IRR is a tax free 6 percent which looks very attractive in the current financial environment,” says Scott Golden, owner and CFO of the health benefits firm Golden & Cohen in Washington, D.C.

While second-to-die insurance is a straightforward concept, estate planning can be a complex process that may require a lawyer, financial planner and other professionals to provide advice for your specific circumstances.

“The insurance isn’t that complicated, but you should consider several variables which might affect how you fund the insurance and the cost of it,” Golden says. “You really need a team to guide you.”