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Need to understand assets for insolvency calculations
For purposes of determining insolvency, I need to understand some of the items under "assets" in the worksheet.
Specifically, I need to figure out what to do with the "interest in retirement accounts," "interest in pension plans," and "cash value of life insurance." We both still work, so we are paying into retirement/pension plans. What, if anything, in those is considered an asset?
If life insurance is a death benefit only, does that have any cash value?
‎April 16, 2023
3:53 PM