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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It doesn't matter what other people say. I would count your net worth as an asset that supplements your pension. Retirement is ultimately about cash flow and not net worth. Your net worth can fluctuate a lot on an annual basis, so that number doesn't really mean much.

But obviously [b]your kids can't inherit your pension[/b], so its value is zero for  estate planning purposes. [/quote]

You can name a child as survivor on some pensions. People should definitely include the value of a child's survivorship benefit as part of their estate for planning purposes because the tax authorities certainly do. [b]Especially if you live in a state with estate taxes with lower thresholds like DC or MD[/b]. (Posted earlier on this.)[/quote]
No, it is not estate taxes. It becomes income taxes on a 1040. How would one even calculate it as an estate tax, as you have no idea the lifespan of the survivor to calculate the amount. [/quote]

You don't know the lifespan of the survivor, but they use annuity tables to calculate the value for the estate tax purposes.

This isn't commonly known because usually the survivor benefit goes to the spouse, who benefits from unlimited marital transfers.

But if it is a child or another beneficiary, the taxman cometh just as does for child inheritance of any other asset. If the child chooses to dissipate it by not living a long life, too bad.[/quote]

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