Patent ID: 8527386
Filing Date: 2013-09-03
Classification: G06Q

Abstract:
1. 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.