Speakers: Vince D'Addona & Jim Magner & Hosted by Guardian Life Insurance.

Year: 2021

Special purpose insurance LLCs have become extremely popular over the past 5 years. When utilized in buy-sell planning, their inherent flexibility can solve many of the issues raised cross-purchase and entity redemption arrangements. However, special purpose insurance LLCs raise a variety of complex legal and tax issues that many advisors may not be fully aware of. The best way for advisors to get fully up to speed on this important development is to join Vince D’Addona and Jim Magner in their webinar titled “The Special Purpose Insurance LLC - What the Sophisticated Advisor Needs To Know” where they will address all of the critical planning issues raised by special purpose insurance LLCs. In this webinar, Vince and Jim will cover the following issues: What is a special purpose insurance LLC for buy-sell planning and what are its advantages over traditional structures Cross-purchase vs. entity redemption buy-sell arrangements Issues with trusteed cross-purchase arrangements How an Insurance-Only LLC can be used as an alternative to ILIT to own estate planning/wealth transfer life insurance Tax benefits of using an insurance LLC Creditor protection with insurance LLCs Allocation of the life insurance premiums Transfer for value considerations Valuation of the insurance LLC membership interest Using an insurance LLC to hold key employee life insurance Using an insurance LLC as an alternative to nonqualified deferred compensation plans Session Takeaways Understand why/how a Special Purpose Insurance LLC is a superior buy-sell/asset protection structure Understand the tax traps when using a Special Purpose Insurance LLC Understand how/why Special Purpose Insurance LLCs are being used outs