Michael R Brown
Accountancy in Irvine, CA

2003013, Jul 10, 2003

Jan 9, 2002

10/043991

Michael Brown - Irvine CA, US
Jonathan Blattmachr - Garden City NY, US

Spectrum Group Investments, LLC

G06F017/60

705/039000

A system and method for the efficient transfer of wealth is disclosed. The system and method implement a plan for the efficient transfer of wealth. The disclosed embodiments include a company computer for gathering information on the amount of wealth to be transferred from a transferor. An amount is determined to be transferred from the transferor to a transferee in the form of a loan. According to the plan, an insurance policy having a term benefit is purchased by the transferee, and the term benefit is assigned to the transferor as an economic benefit which is credited towards the loan. The economic benefit may be determined according to, for example, published IRS Table PS58. The economic benefit may be significantly greater than the actual cost of the policy, with the spread being effectively transferred to the transferee.

2003010, Jun 5, 2003

Jan 9, 2002

10/043990

Michael Brown - Irvine CA, US
Jonathan Blattmachr - Garden City NY, US

Spectrum Group Investments, LLC

G06F017/60

705/035000

A system and method for the efficient transfer of wealth is disclosed. The method comprises gathering information on the amount of wealth to be transferred from a transferor to a transferee; determining the amount of life insurance premium for an insurance policy on the life of an insured individual to be substantially equal to the amount of the wealth to be transferred; and appraising a present value of a cash value of the insurance policy. The policy comprises a cash value and a term benefit. The transferee owns the term benefit, and an entity owns said cash value. The entity may be owned by the transferor. The appraising is based on a mortality risk of the insured individual and a value of the cash value during each year of a projected life of the insured individual, so that an appraised value of the cash value is obtained as a basis for a sale price of the cash value, whereby the wealth may be transferred to the transferee as the cash value.

2003010, Jun 5, 2003

Jan 9, 2002

10/043988

Michael Brown - Irvine CA, US
Jonathan Blattmachr - Garden City NY, US

Spectrum Group Investments, LLC

G06F017/60

705/035000, 705/001000

A system and method for the efficient transfer of a gift to a charity is disclosed. One embodiment of the system and method implements a charitable gift transfer plan comprising causing the issuance of common and preferred shares from a business entity such as a limited liability company. The common shares are then donated to the charity. A life insurance policy and a single-premium immediate annuity are purchased through the business entity. The purchases may be funded through a loan from a lender company. The payments from the annuity may be partially used to pay the interest on the loan, with the remainder being directed to the charity through the business entity. The death benefit of the life insurance policy is assigned to the owner of the preferred shares and may be used to retire the loan upon the death of the insured.

2003010, Jun 5, 2003

Jan 9, 2002

10/043989

Michael Brown - Irvine CA, US
Jonathan Blattmachr - Garden City NY, US

Spectrum Group Investments, LLC

G06F017/60

705/036000, 705/038000

A system and method for the efficient transfer of wealth is disclosed. The system comprises a transferor having wealth and a transferee intended to be the recipient of transferred wealth. The transferee may be a trust. An insurance policy purchased by the transferee is subject to a split-dollar agreement by which the death benefit of the policy is assigned to a the transferor in exchange for payment of at least the death-benefit portion of the premiums. When sufficient premiums have been paid to effectuate the policy for the life of the insured, the split-dollar agreement may be canceled, reverting full ownership in the policy to the transferee.