3 Life Insurance Planning Ideas: Levine Split-Dollar, Clawback, & SLATs to Help Estate Planners and Insurance Consultants

This presentation will discuss three possible approaches that estate planning professionals, and in particular, insurance professionals, may consider in the current planning environment.  For estate planners suggestions as to how insurance planning may be protective of the adviser will be highlighted. Practical ideas to use insurance in various estate planning scenarios will also  be explained. Three key ideas will be presented: 1. The recent Levine case which gives, some think, a recipe for using an economic benefit split-dollar regime. Caution is really in order as although the Levine case was a taxpayer victory, there may be considerable risk with this type of planning approach. 2. SLATs – spousal lifetime access trusts were ubiquitous in 2020-2022 planning and will get a lot more use before the exemption is cut in half in 2026. Common financial gaps in SLAT planning, exacerbated by the current market declines and possible recession, present significant opportunities to creatively use disability, long term care and life insurance. This all may help clients and protect the attorneys who created the plans. 3. Anti-Clawback Proposed Regulations – these are complicated but if you understand what types of estate planning transactions these new rules target, some of those clients might benefit from using life insurance planning to protect against the tax costs created by the anti-Clawback proposed Regs.

Speakers: Martin M. Shenkman, Esq. and  Michael Fontanini, MT, CFP®, CLU® VP, Advanced Sales and Design – Lion Street

*This may constitute attorney advertising.

*There are no professional advancement credits (CPE, CLE, etc.) offered for viewing this webinar.