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 with Q&A


Conducted on Thursday, September 13, 2012

Recorded event now available

or call 1-800-926-7926
Program Materials

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.

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Outline

  1. Introduction to captives and captive formation
  2. When the implementation of a captive might be beneficial and appropriate for your clients
  3. How to form a captive under the safe harbors issued by the IRS
  4. Appropriate captive operations to avoid scrutiny by the IRS
  5. 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?

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Faculty

J. Scot Kirkpatrick
J. Scot Kirkpatrick

Shareholder
Chamberlain Hrdlicka White Williams & Aughtry

As Chair of the firm’s Trusts and Estates Practice Group in Atlanta, Mr. Kirkpatrick's practice focuses...  |  Read More

Kimberly S. Bunting
Kimberly S. Bunting

Shareholder
Chamberlain Hrdlicka White Williams & Aughtry

Her practice areas include captive insurance companies, insurance and corporate law. She is a former corporate risk...  |  Read More

Karen S. Kurtz
Karen S. Kurtz

Atty
Chamberlain Hrdlicka White Williams & Aughtry

She focuses her practice in the area of estate planning and administration for high net worth individuals. She works...  |  Read More

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Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

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