WCBA’s Taxation Section and Navis Wealth Management present
Should my Life Insurance be Owned in a Trust?; Attorney Considerations, Tax Consequences and Logistics
David will review the pros and cons of having an irrevocable trust own a life insurance policy. A brief review of the types of life insurance and which are generally better suited for trust ownership and under which circumstances. Case studies will be provided.
Discussions will include 1-how to "transfer" a policy to a trust, 2-tax consequences of such transfers and subsequent policy withdrawals and/or payment of proceeds and 3-trustee fiduciary duty and importance of periodic policy reviews.
This will be a mid-level to advanced seminar. Ideally suited for trust & estate attorneys, family advisors, trustees and tax attorneys
Speaker: David Bruckman, Esq., MS Tax, CLU, TEP
Date: May 11, 2021
Time: 12:00 - 1:00 p.m.
Format: Webinar via Zoom (A link to register with Zoom will be provided in your confirmation email. You must pre-register on Zoom to receive the event link.)
CLE Credit: 1 Professional Practice