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Nationwide v. Steiner: Stranger Initiated Annuity Transactions (STATs) Again Upheld

By Stephan Leimberg and Howard Zaritsky In LISI Estate Planning Newsletter #1655, Howard Zaritsky provided members with his analysis of what appeared to be the first reported “STAT” decision, W. Reserve Life Assur. Co. v. Conreal LLC, 2010 U.S. Dist. LEXIS 56340 (D.R.I. June 2, 2010) ...

Duane Morris: Recent Developments in New York's Taxation of Unauthorized Life Insurers

Prior to 2012, New York afforded surprisingly favorable tax treatment to life insurance companies that are not licensed to conduct business in New York ("unauthorized life insurers"), but that owned real estate investments in New York. The New York State Department of Taxation and Finance ...