Split Dollar Arrangements: Leveraging Gift, Estate and Income Tax Benefits
Choosing the Appropriate Taxation Method and Policy, Structuring the Agreement, and Creating Exit Strategies
Recording of a 90-minute CLE/CPE webinar with Q&A
This CLE/CPE course will guide estate planning counsel in effectively using split-dollar arrangements to provide flexibility for clients. Our distinguished panelists will offer a detailed review of appropriate tax methods and policies, techniques for structuring the agreement, and special considerations for termination.
Outline
- Benefits and complexities of the PSD
- Gift tax leverage
- Estate tax leverage
- Control
- Annual administration
- Income taxation methods
- Economic benefit regime
- Loan regime
- Appropriate life insurance policies
- Structuring the PSD
- Termination
Benefits
The panel will review these and other key issues:
- What are the estate planning benefits of PSDs?
- How should counsel structure the PSD to maximize the income tax benefits?
- What techniques should be implemented when structuring the PSD?
- What considerations should be made when creating exit strategies?
Faculty
Richard Harris, CLU, AEP
Richard L. Harris
Mr. Harris, CLU AEP TEP, is a life insurance consultant and expert witness who has been in the life insurance business... | Read More
Mr. Harris, CLU AEP TEP, is a life insurance consultant and expert witness who has been in the life insurance business since 1970. He is Chair of the Insurance Committee, Trusts & Estates; Professional Expert, WR Newswire An AALU Washington Report; Contributor, Leimberg Information Systems Inc. email Newsletters; Member of Committee on Insurance and Financial Planning, American Bar Association, Real Property Trusts & Estates Section. He has authored and co-authored many articles that have appeared in: Trusts & Estates, Estate Planning, Steve Leimberg’s Newsletters, Journal of Wealth Management, e Report of American Bar Association Real Property Trust & Estate Law Section, Wealth Strategies Journal, Journal of Practical Estate Planning, WR Newswire, an AALU Washington Report, The CPA Journal; and he has co-authored (with Russ Alan Prince) the book, Advanced Planning with the Ultra-Affluent: A Framework for Professional Advisors published by Institutional Investor.
CloseJeri L. Turley
President and Principal
BCG Companies
Ms. Turley works closely with clients and their advisors throughout the wealth transfer process for high net worth... | Read More
Ms. Turley works closely with clients and their advisors throughout the wealth transfer process for high net worth individuals and families. She also advises on matters related to executive benefit and succession planning for public and privately held companies. She also coordinates and supervises the product design, underwriting and servicing efforts of other staff members.
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