Captive Insurance Companies in Estate Planning: A Profit Maximization and Risk Reduction Tool
Leveraging the Benefits for Asset Protection, Wealth Transfer and Retention, and Tax Minimization
Recording of a 90-minute CLE webinar/teleconference with Q&A
Conducted on Thursday, September 13, 2012
Recorded event now available
This CLE webinar will prepare counsel to evaluate the appropriateness of establishing a captive insurance company risk management program for clients. The discussion will include (1) an introduction to captives and how they are formed, (2) suggestions for when the implementation of a captive might be appropriate, (3) how to form a captive under the safe harbors issued by the Internal Revenue Service, (4) how to operate a captive to avoid scrutiny by the Service, and (5) the benefits of implementing a captive from a business risk, tax, asset protection, and estate planning perspective.
Description
Captive insurance companies present tremendous planning opportunities from a business risk, tax, asset protection, and estate planning perspective. Counsel should be cognizant of the formational and operational elements a captive should possess to survive scrutiny by the Internal Revenue Service.
Captive insurance companies should be carefully structured to achieve appropriate risk management for a client’s business. Asset protection, wealth management, and tax benefits may also flow from the implementation of a captive. Ownership of a captive by a trust may create asset and estate planning benefits.
Listen as our authoritative panel of business, tax, and estate law attorneys discusses the benefits and risks of establishing and operating a captive insurance company, as well as the formational and operational elements a captive should possess.
Outline
- Introduction to captives and captive formation
- When the implementation of a captive might be beneficial and appropriate for your clients
- How to form a captive under the safe harbors issued by the IRS
- Appropriate captive operations to avoid scrutiny by the IRS
- Potential business risk, tax, asset protection, and estate planning benefits of implementing a captive
Benefits
The panel will review these and other key questions:
- What are the legal and financial benefits and risks in creating a captive?
- What are the tax implications of creating a captive?
- What considerations should counsel evaluate when structuring a captive?
Faculty
J. Scot Kirkpatrick, Shareholder
Chamberlain Hrdlicka White Williams & Aughtry, Atlanta
As Chair of the firm’s Trusts and Estates Practice Group in Atlanta, his practice focuses principally upon estate and income tax planning for high net worth individuals and their businesses. He is a frequent lecturer at various seminars for attorneys, accountants, insurance agents and financial planners, and has published articles in Today’s CPA, Trusts & Estates and Taxpro Journal.
Kimberly S. Bunting, Shareholder
Chamberlain Hrdlicka White Williams & Aughtry, Atlanta
Her practice areas include captive insurance companies, insurance and corporate law. She is a former corporate risk manager for a Fortune 50 company, in which capacity she was responsible for the placement of billions of dollars of insurance coverage and successful negotiation of numerous coverage matters. She consulted with companies regarding their risk management programs to optimize coverage.
Karen S. Kurtz, Atty
Chamberlain Hrdlicka White Williams & Aughtry, Atlanta
She focuses her practice in the area of estate planning and administration for high net worth individuals. She works with clients in the estate administration process and provides support for probate and income tax litigation efforts. Her practice also includes the formation and restructuring of business entities, including non-profit corporations.
Ordering
Online CLE - Audio Recording
Includes streaming audio of full program plus handouts (available 24 hours after live program).
CLE:
Pre-approved for participatory or non-traditional/alternate format credit in: CA, HI*, NY*, WV*.
Pre-approved for self-study credit in: AK, AZ, MO, MT, TX*, VT, WA.
Upon request, also available in: CO, CT*, FL, GA, ID, KY, LA*, ME, NC, ND, NE, NH, NM, NV, OR*, SC, TN, UT, WI, WY. If you are applying for credit in one of these states, make sure to select those states when placing your order.
(*Indicates that Strafford must report attendance.)
Online CLE Audio $147.00
Available 24 hours after the live event
Recorded Event
Includes full event recording plus handouts (available after live seminar).
CLE: Pre-approved for self-study credit in: AK, AZ, CA, CT, HI, MO, MT, NY, TX*, VT, WA, WV. Upon request, self-study credit is also available in: CO, FL, GA, ID*, KY, ME, ND, NE, NH, NM, NV, OR, UT, WI, WY. If you are applying for self-study credit in one of these states, contact Strafford CLE at 1-800-926-7926 ext. 35 or CLE@straffordpub.com. (*Indicates that Strafford needs to process the CLE — see below to purchase this option.)
Webinar Download (Slide Presentation with Audio) $147.00
Available three business days after the live event
DVD (Slide Presentation with Audio) $147.00
plus $9.45 S&H
Available ten business days after the live event
MP3 Download (Audio with Slide PDFs) $147.00
Available 24 hours after the live event
CD (Audio with Slide PDFs) $147.00
plus $9.45 S&H
Available ten business days after the live event
Webinar/Teleconference
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CLE Credit
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Customer Reviews
Better than I expected. Well done on both subject matter and production quality.
Jeff Simpson
Gordon, Fournaris & Mammarella
I thought the information provided was great.
Erika Gamiz
Law Offices of Marcia L Kraft
The seminar was very informative and easy to understand.
Amy Allison
Anderson Hunter Law Firm
The program was well organized and discussed the major issues.
Roxy Hammett
Wolff & Samson
The webinar offered excellent insight into some specific areas.
Beth Ann R. Lawson
Virginia Beach Law Group
Estate Planning Advisory Board
Partner
Annino & Ligon
Consultant, Speaker and Author
Napa, CA
Partner
McArthur Franklin
Partner and Practice Group Leader - Tax
Waller Lansden Dortch & Davis
Partner
Schiff Hardin
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