Finding Dollars to Purchase Life Insurance in a Difficult Case: Generating Income Tax Deductions
Speakers: Jon Forster, Partner, Baker & Hostetler LLP & John DeStefano.
Finding Dollars to Purchase Life Insurance in a Difficult Case: Generating Income Tax Deductions to Cash Flow a Large Life Insurance Acquisition
Speaker: Jon Forster, Partner, Baker & Hostetler LLP & John DeStefano.
This webinar presents a case study of a sophisticated estate planning technique that separately utilizes both an “enhanced” charitable lead annuity trust (“E-CLAT”) and an irrevocable life insurance trust (“ILIT”) to achieve an income tax deduction while also replacing wealth with life insurance without implicating Section 170(f) of the Internal Revenue Code. We will cover the ideal client profile for these potential strategies, the structure and approach, and the potential benefits.
1. Alternative to an E-CLAT holding life insurance.
2. Opportunity for income tax deduction.
3. Wealth replacement.