Life Insurance
Trust Decant – Old Wine New Bottle
Trust Decant The term “decant” means to pour the contents of one container into another container. It is like pouring old wine into a new bottle. It has come to refer to the practice of forming a new updated trust, and transferring the assets from an old obsolete trust to the new trust as a…
Read MoreIncidents of Ownership
If you own a life insurance policy on yourself, you may be paying premiums for the benefit of the IRS.
Read MoreSPLIT DOLLAR TAX PLANNING: A RETIREMENT PLAN FOR KEY EMPLOYEES AND HIGH NET WORTH EXECUTIVES
SPLIT DOLLAR TAX PLANNING What is a Split Dollar Plan? Employers offer a Split Dollar Plan as a death benefit to Key Employees as an incentive for them to stay on with the Company for a longer period of time. This involves the purchase of cash value life insurance. The “Split” in Split Dollar Plan…
Read MoreSECURE Act Estate Plan Update
Some people think that their IRA actually belongs to them. It does not. It belongs in part to the government. The politicians created IRA plans. Those who make the rules can change the rules. . . and they do. This principle is made very clear in the SECURE Act. The SECURE Act Estate Plan Update…
Read More