Charitable Donations through Life Insurance Policies
Assignment ID Number AFFGEHU83939HD Type of Document Essay Writing Format APA/MLA/Harvard Academic Level Masters/University References/Sources 4 References
Charitable Donations through Life Insurance Policies
David and Amanda have been married for 25 years. They have two kids who are both independent and out of the house. Three years ago, the couple sold their business Retail Inc. to a multinational company. They feel they have more than they require in term of assets and cash flow and have been giving consideration to making donations to their favorite charity; an organization called Paws and Claws that finds homes for dogs and exotic parrots.
They were doing some research and came across an article in the Globe & Mail that shed some light on ways how charitable bequests can be made through insurance policies. The couple always had a risk management plan in place but after the sale of the business they are considering using their life insurance policies to plan a charitable gift. They are somewhat confused however as there are different implications to making such bequests and would like to speak to you in order to get some additional information. Below is a list of the insurance policies that the couple own:
Policy Owner Policy Type Face Value CSV ($) Life Insured Beneficiary Annual Premium
Amanda’s Whole Life Insurance has an outstanding policy loan totaling $15,000, which she intends to pay back, but she just has not had the time. The couple has come to you to discuss how these donations can become part of their Estate Plan.
Today is January 1st.
- If Amanda and David wanted to transfer the ownership of all 5 policies to Paws and Claws today through an absolute assignment, calculate the total amount of their donation receipt they would be eligible to receive.
- If David and Amanda decided to complete an absolute assignment of both their term policies and Amanda’s universal life policy but continue to pay the premiums indefinitely, calculate their eligible donation amount for the year. (2 marks)
- If David decides to name Paws & Claws as the beneficiary of his term policy and removes his son as beneficiary, calculate the donation amount in the year of David’s death (ignore premiums). (1 marks)
- What is the best course of action David can take to ensure that he becomes eligible for the donation in the year of death of the life insured (Amanda) on his term life policy? (1 marks)
- David and Amanda decide to complete an absolute assignment as eluded to in question #1, the couple have incomes of $200,000 and $90,000 respectively. Which of the following statements are pertinent to their circumstances? (2 marks)
- Based on your answer in question #2, calculate the donation tax credit assuming the couple claims the donations individually – income threshold for the year is $202,800. (2 marks)
Topic: Homeland Security – Intelligence
- Introduction: Develop a research paper to address domestic intelligence collection and analysis of your selected terrorist group from your Red Cell Midterm Assignment. Building on the information that you started in your midterm, prepare a new research paper that addresses which intelligence collection disciplines and agencies are essential to effectively collect on and analyze information about the red cell threat you chose in 5-7 full pages of content (not counting title or reference pages). ———————————————————————
- Domestic Intelligence Collection and Analysis: Specify the most effective intelligence collection and analysis methods against the terrorist organization likely to conduct an attack within the United States that you selected by clearing answering all 3 of the following: ———————- A) What domestic intelligence collection efforts would be best utilized on the organization you selected? (Intelligence Collection disciplines discussed in week 5) Do not focus on overseas intelligence collection programs; this is an HLSS course and we are focused ONLY on collection within the U.S. homeland. ——————————- B)
Which members of the IC would be the best collectors of intelligence on this particular organization within the country? (The intelligence and law enforcement agencies of the intelligence community) ———————————————- You may address agencies that collect overseas and within the homeland as the terrorism nexus overlaps both domains. You may also consider some of the field agencies of DHS (since DHS I&A is just an office and does not collect) as some of the operating components do collect like ICE, CBP, USCG, and the Secret Service (who does focus on terrorism financing).
Again, this is a Homeland Security course, so focus on the agencies that can support the homeland (like the FBI), NOT primarily overseas intelligence collection of foreign targets. Clearly focus your paper only on domestic intelligence and law enforcement and remember the CIA does not collect intelligence on Americans domestically, they are a foreign intelligence agency (as are ALL of the military intelligence branches). See the readings from this link to Executive Order 12333 (2008) https://fas.org/irp/offdocs/eo/eo-12333-2008.pdf. However, the NSA is very different as they can and do collect both foreign and domestic communications (when authorized by a court [like FISA] or under certain conditions by the Attorney General to support the FBI). See https://www.nsa.gov/about/faqs/sigint-faqs.shtml —————————————————
- C) What intelligence analysis strategies would be the most effective and why? (choose only from the analytical strategies and specifically the reading A tradecraft primer: Structured analytic techniques for improving intelligence analysis or found at this link https://www.hsdl.org/?abstract&did=20945). Remember that critical thinking (brainstorming) and situational logic DO NOT in themselves constitute an analytical approach — be specific and pick at least two specific strategies you think will help analyze what can be collected on a clandestine terrorist group attempting to attack the U.S. homeland. ——————————————-
Note: Only focus here in this progress paper on intelligence collection disciplines, the most appropriate IC agencies to play a role, and the most effective analytical techniques to employ in this scenario. As a paper for this HLSS course, these questions are to be answered as it relates to collecting and analyzing intelligence on the terrorist group plans and activities within the U.S. as they prepare to attack. Do not address how to stop this attack. ———————————————
Technical Requirements: Make sure you read the instructions carefully and that you focus your paper on answering the assigned questions. This assignment is a research paper, not an opinion paper, so you need to use scholarly sources to support your thesis. Use formal academic writing and do not use the first person such as ‘I’ or ‘my’; Make sure you use APA style 7th edition in-text parenthetical citations at the end of every sentence where you are quoting another’s ideas (or any information) that is not your own thoughts and words, like this (Bergen, 2015, para. 14).
Citations are required for paraphrases as well, but not the page or paragraph number in that case. You are welcome to use supplementary sources to compliment the assigned readings based upon your research, but make sure you use only scholarly and credible sources (do not use open websites and you never want to use Wikipedia for a college level paper). Also, dictionaries and encyclopedias as well as general news sites (like CNN) are NOT appropriate for college level research papers. A good example of what NOT to use is NSA.Gov1.info — not only is it not the NSA webpage, the site loaded with bogus information and if you scroll down to the bottom it says “This is a parody of nsa.gov and has not been approved, endorsed, or authorized by the National Security Agency or by any other U.S. Government agency.”
Also, do not cite the weekly lessons as those are only basic information to start off the topic with. You need to use mainly scholarly and reputable academic books and journal articles. For formatting, the best option is to use the attached example paper as a template (for formatting purposes only). —————————————————- Academic Requirements: – Make sure your paper content meets the minimum acceptable length listed above with FULL pages of text, not including the Title or Reference pages. – Written according to the APA 7th edition style and format (parenthetical in-text citation formats only; not end notes or footnotes); – Use Times New Roman 12 point font; – 1 inch margins on all sides with no paragraph indentation other than the first line by .5 inches
Double space all text (no extra lines or spaces after a paragraph or section headings and no added font sizes or lines either) – A respectable number of credible resources used, cited in the paper as in-text citations, and included on the reference page. A good rule of thumb is at least 2 scholarly sources per page of content (so a minimum of 2 new scholarly sources per page in a research paper is acceptable for this assignment). Use those academic and credible sources provided to you throughout the course, as well as other scholarly material obtained from conducting your own research.
Freely utilize appropriate and reputable academic sources, summarize in your own words and cite accordingly. You are free to use material from your own forum posts from this course in your paper, and you do not have to cite yourself if you do so. However, do not cite the lessons in your paper as this is only basic information and not meant to be cited in a research paper. – The paper must be free of typographical, spelling and grammatical errors (make sure to proof read before submission) finally, be mindful of excessive direct quotes as the paper should not contain just a string of quotations from sources. “Quotes cannot make up more than 10% of the text of your assignment.” So paraphrase where you can and provide your own analysis and synthesis of your research (direct quotes only when necessary to support your thesis).
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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