Leveraging Life Insurance Premium Payments: Using Split-Dollar and Related Party Premium Financing Techniques

    By Lawrence Brody and Donald O Jansen

    Leveraging Life Insurance Premium Payments: Using Split-Dollar and Related Party Premium Financing Techniques

    Leveraging Life Insurance Premium Payments: Using Split-Dollar and Related Party Premium Financing Techniques

    By Lawrence Brody and Donald O Jansen

    Split-dollar financing of life insurance premium payments is useful in a situation where one person or entity has the cash to pay the premiums and another has the need for life insurance coverage. In recent years, these arrangements have been used in a wealth transfer context, allowing the annual gift to the ILIT to be much less than the entire premium payment. This book examines and explains the rules for the premium financing regimes as well as the tax consequences and planning techniques of each.

    Leveraging Life Insurance Premium Payments: Using Split-Dollar and Related Party Premium Financing Techniques

    By Lawrence Brody and Donald O Jansen

    Leveraging Life Insurance Premium Payments: Using Split-Dollar and Related Party Premium Financing Techniques

    Leveraging Life Insurance Premium Payments: Using Split-Dollar and Related Party Premium Financing Techniques

    By Lawrence Brody and Donald O Jansen

    Split-dollar financing of life insurance premium payments is useful in a situation where one person or entity has the cash to pay the premiums and another has the need for life insurance coverage. In recent years, these arrangements have been used in a wealth transfer context, allowing the annual gift to the ILIT to be much less than the entire premium payment. This book examines and explains the rules for the premium financing regimes as well as the tax consequences and planning techniques of each.
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    Split-dollar financing of life insurance premium payments is useful in any situation where one person or entity has the cash to pay the premiums and another person or entity has the need for life insurance coverage. In recent years, split-dollar arrangements have been used in a wealth transfer context, allowing the annual gift to the ILIT to be much less than the entire premium payment, because the employer, corporation or donor was entitled to recover its advances from the cash value or death benefit.

    Leveraging Life Insurance Premium Payments: Using Split-Dollar and Related Party Premium Financing Techniques examines and explains the peculiar rules for both of the premium financing regimes as well as the tax consequences and planning techniques of each. The tax and other issues affecting split-dollar arrangements grandfathered from the Final Split-Dollar Regulations are also analyzed.

    Product Details

    Sponsors

    Section of Real Property, Trust and Estate Law

    Publishers

    ABA Book Publishing

    ISBN

    9781634258197

    Page Count

    176

    Product Code

    5430946

    Trim Size

    7 x 10 Paperback

    Publication Date

    6/16/2017 12:00:00 AM

    Sponsors

    ABA Book Publishing

    Publishers

    Section of Real Property, Trust and Estate Law

    ISBN

    9781634258203

    Page Count

    176

    Product Code

    5430946EBK

    Trim Size

    7 x 10

    Publication Date

    6/28/2017 12:00:00 AM

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