Captive Insurance Companies and Closely Held Enterprises: Income Tax and Transfer Tax Opportunities and Implications

    By Geoffrey N Seaman and Matt Brown

    Captive Insurance Companies and Closely Held Enterprises: Income Tax and Transfer Tax Opportunities and Implications

    Captive Insurance Companies and Closely Held Enterprises: Income Tax and Transfer Tax Opportunities and Implications

    By Geoffrey N Seaman and Matt Brown

    Once the domain of the Fortune 500, captive insurance companies are now accessible by families and family-owned enterprises. The family business can use a captive to not only reduce casualty insurance costs, but to also defer/reduce income taxes, improve risk management practices, and provide wealth transfer opportunities. During ...
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    Once the domain of the Fortune 500, captive insurance companies are now accessible by families and family-owned enterprises. The family business can use a captive to not only reduce casualty insurance costs, but to also defer/reduce income taxes, improve risk management practices, and provide wealth transfer opportunities.During this presentation, we will examine the following:
    • What is a captive?
    • Brief tax law history of captives
    • Types of casualty risks insurable in a captive
    • Income tax treatment of captives
    • Jurisdiction (onshore versus offshore)
    • Business planning opportunities
    • Estate planning opportunities
    • Implementation process
    • Identifying prospects
    • Potential problem areas
    • Faculty:Matt Brown, Esq., Brown & Streza LLP, Irvine, CAGeoff Seaman, BNY Mellon -- Wealth Management, Los Angeles, CA

    Product Details

    Sponsors

    Section of Real Property, Trust and Estate Law

    Product Code

    5430505MP3

    Publication Date

    9/1/2009 12:00:00 AM

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