Life Insurance in Estate Plans: Utilizing Overlooked Benefits and Avoiding Missteps
Diversification, Liquidity, Funding Buy-Sell Agreements, Providing Long-Term Care
Recording of a 110-minute CPE webinar with Q&A
This webinar will explore multiple estate planning opportunities utilizing life insurance. Our panel of seasoned life insurance and estate planning experts will explain the distinctions between the types of policies available, making gifts to fund life insurance trusts, and buy-sell considerations in light of the Connelly case, as well as point out advantageous uses of life insurance in estate plans that are often missed.
Outline
- Utilizing life insurance in estate plans: introduction
- The importance of policy audits
- Gifts to fund life insurance trusts
- Valuation of life insurance policies for gift tax purposes
- Split-dollar life insurance plans
- Buy-sell planning: Connelly case
- Review of life insurance products used in estate planning
- Life insurance with LTC insurance riders
Benefits
The panel will review these and other critical issues:
- Resolving common estate planning issues with life insurance
- Missteps that could cause inclusion of life insurance proceeds in an estate
- The importance of policy audits
- Using life insurance products in estate planning
- Life insurance considerations for business buy-sell agreements in light of Connelly
Faculty
Griffin H. Bridgers
Member
Hutchins & Associates
Mr. Bridgers' practice encompasses all areas of private wealth and family business. In addition to estate... | Read More
Mr. Bridgers' practice encompasses all areas of private wealth and family business. In addition to estate planning and estate administration, he is experienced in mergers and acquisitions, taxation, business transactions, franchising, commercial contracts, asset protection, executive compensation, employee benefits, qualified and non-qualified retirement plans, and nonprofit organizations. He counsels closely-held and family businesses, and nonprofit organizations, with their planning, succession, and liquidity needs in a variety of industries including tech, restaurant and retail, healthcare, manufacturing, construction, real estate, financial services, consulting, and professional staffing.
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Lee J. Slavutin, MD, CLU, AEP (Distinguished)
MD, CLU, AEP (Distinguished)
Stern Slavutin 2
Mr. Slavutin has been in the life insurance business since 1983. Born in Australia, he practiced as a surgical... | Read More
Mr. Slavutin has been in the life insurance business since 1983. Born in Australia, he practiced as a surgical pathologist until he came to New York as the chief resident in pathology at Lenox Hill Hospital where he worked as a staff pathologist until changing his career. Mr. Slavutin's unique medical qualifications are an important part of his specialty, which is serving high net worth individuals seeking substantial life insurance policies. He is a well-known public speaker and educator for the legal and accounting professions including the American Law Institute/American Bar Association and the American Institute of Certified Public Accountants. Mr. Slavutin has written and published over 150 articles on the complex legal and technical aspects of securing life insurance for estate tax planning. His text book published by Thomson Reuters, A Guide to Life Insurance Strategies, is in its 11th edition. He has served as a director of the Association of Advanced Life Underwriters and the Estate Planning Council of New York. Mr. Slavutin is on the editorial advisory board of Tax Hotline and is a member of the CCH Estate and Financial Planning advisory board. He testified before the New York State Senate in 1990 and worked with the United States General Accounting Office on the effectiveness of the insurance company rating firms.
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