Using Partnerships to Own Buy-Sell Insurance Audio Download

    By Dale Brook Stone, Nancy Roush, Richard S Scolaro and Steven B Gorin

    Using Partnerships to Own Buy-Sell Insurance Audio Download

    Using Partnerships to Own Buy-Sell Insurance Audio Download

    By Dale Brook Stone, Nancy Roush, Richard S Scolaro and Steven B Gorin

    PROGRAM INFORMATION Clients often prefer a cross-purchase buy-sell agreement but find practical problems often make them more difficult to administer than an entity purchase agreement. Our panelists will discuss a solution to these problems -- using a limited liability company or other entity taxed as a partnership to hold life ...
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    PROGRAM INFORMATIONClients often prefer a cross-purchase buy-sell agreement but find practical problems often make them more difficult to administer than an entity purchase agreement. Our panelists will discuss a solution to these problems -- using a limited liability company or other entity taxed as a partnership to hold life insurance policies used to fund a cross-purchase buy-sell agreement. Such a structure maximizes flexibility as ownership of an operating business changes over time, including the transfers of life insurance to owners entering or leaving the business. It also can provide superior income tax, estate tax, and asset protection results.They will also cover how the owners should split the costs and benefits of such an arrangement, given differences in cost of insuring and each owner's ability to contribute and percentage ownership in the business.The economics, drafting, and tax considerations of three practical models will also be discussed.

    Product Details

    Authors

    Dale Brook Stone, Nancy Roush, Richard S Scolaro, Steven B Gorin

    Sponsors

    Section of Real Property, Trust and Estate Law

    Product Code

    5430573AUD

    Publication Date

    7/1/2011 12:00:00 AM

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