Understanding Life Insurance: And No, It Is Not Boring: Practical Discussion of Insurance Fundamentals and Practical Planning

Life Insurance is a ubiquitous asset that has unique features and is uniquely (and favorable) treated under many legal systems, including for bankruptcy and for tax purposes.  It is also one of the least understood properties with which Americans and their advisors face.  This webinar with cover how life insurance is structured, priced and taxed. It will provide guidance as to when it should or should not be used and will explain why it almost never will be the magic bullet for avoiding estate tax. Given the vast number of SLATs and SLAT like trusts created in 2020-2021 the program will review how various types of insurance (life, disability and long term care) can be integrated into a SLAT (SPAT, DAPT, Hybrid DAPT) trust plan to safeguard the clients and even safeguard the practitioner. If the trust income tax surcharges enacted as part of the House version of Build Back Better become law, life insurance may have increased importance as a tool to protect trust income from high tax rates.

Speakers: Jonathan Blattmachr, Esq. and Martin Shenkman, Esq.

Sponsor: Peak Trust Company, Interactive Legal, Shenkman Law

Featured Charity: Children’s Literacy Initiative

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

*This may constitute attorney advertising.