ABA book helps personal trustees find the life insurance answers they need

CHICAGO, Dec. 6, 2018 — Just published by the ABA, “Due Diligence of Trust-Owned Life Insurance” simplifies the often-confusing language of insurance into plain-spoken answers that will help consumers and advisers alike. Experts Lawrence Brody, Billie D. Resnick, John Resnick and Richard Weber collaborated to bring the best of law and life insurance to this volume while encouraging protection that is properly acquired and actively managed.

Selecting and maintaining long-term solutions to life insurance is a challenge for even the most well-versed attorney. In counseling clients, they face pitfalls with the failure of policy performance and projections to manage financial liquidity after death. The authors make insurance terminology more accessible for lawyers so that they can outline potential impacts on their clients. This volume clarifies necessary due diligence and helps lawyers determine what’s best for the beneficiaries. With quick answers to the most frequently asked questions, thumbnails on all major forms of life insurance and sample documentation and illustrations, “Due Diligence of Trust-Owned Life Insurance” provides attorneys with the best resource for decision-making criteria.

Brody is a partner of Bryan Cave LLP and an adjunct professor at Washington University School of Law in St. Louis. He is the author or co-author of numerous articles and books on the use of life insurance in estate and employee benefit planning.

Billie Resnick is a co-founder with her husband of The Resnick Group in Naples, Fla., and Lemoyne, Penn. She has contributed to articles on life insurance and estate planning that have appeared in The Wall Street Journal, The Journal of Practical Estate Planning and Journal of Retirement Planning.

John Resnick’s commentaries have appeared in numerous publications, including The Wall Street Journal, and he has conducted educational forums at The Wharton School at the University of Pennsylvania since the 1990s. The Resnicks are creators of the syndicated radio program Legends of Success with John Resnick, which shares John’s interviews with America’s leading CEOs, entertainment icons and The Forbes 400. 

Weber is president and primary consultant for The Ethical Edge, Inc., in Pleasant Hill, Calif., and holds an MBA from the University of California at Berkeley with a specialty in insurance and finance. He currently serves as senior adjunct professor of risk and insurance in California Lutheran University’s MBA program.

Author interviews and review copies of this book are available by emailing Amelia Stone at Amelia.Stone@americanbar.org. If you publish a review of this book, please send tear sheets or a copy for our files to Amelia Stone, ABA Book Publishing, 321 N. Clark St., Chicago, IL 60654

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