Trusts & Estates
Tax Aspects of Life Settlement Arrangements
The authors explain that as clients advance in age, their need for life insurance also changes. Clients with life insurance policies that no longer serve a purpose have many choices, including surrendering the policy to the carrier, selling the policy (called a life settlement), borrowing from the policy, or entering into a 1035 exchange. Case examples are presented in terms of the use of life settlement transactions as an estate planning solution, and the tax implications involved.
To learn more about life settlement policies and to access the article, please fill out the form below.
Complete the form to get your free guide
2022 Estate Planning Awareness Week - Free Marketing Package
This month, we’re offering free access to an “Estate Planning Awareness Week” marketing package with customizable blog content and letters so you can reach out to current and prospective clients, as well as referral sources, without having to spend hours creating original content from scratch.Learn More
Cryptocurrency and Estate Planning
Download the sample trustee manual to see how Wealth Tracx can help introduce trustees to the trust administration process.Learn More