Description
Crafting a comprehensive estate plan involves a delicate balance of thoughtful decision-making, strategic implementation, and life insurance planning. When seamlessly integrated, these plans provide a foundation of financial security for individuals and family businesses, offering peace of mind both during their lifetime and beyond. However, achieving this harmony often eludes even the most seasoned practitioners due to common and less common pitfalls in life insurance planning.
Designed to empower you with the knowledge and strategies necessary to navigate these complexities effectively, this webcast highlights prevalent life insurance planning mistakes within the estate planning context and shares effective avoidance strategies to safeguard the integrity of your clients' plans and wealth.
n this illuminating video webcast, our expert presenter will dive into the intricate world of estate planning with a laser focus on life insurance assets. From basic policy application blunders to nuanced considerations surrounding trust structures and policy transfers, each topic of the agenda below will be explored with depth and clarity.
- Avoiding policy application blunders: Successor ownership issues, beneficiary mistakes, and ownership complications
- The “Unholy Trinity” and how to avoid the gift no one wants – more taxes!
- What can go wrong when policies are used as loans or collateral for third-party loans
- Policy lapses, surrendering a policy, and phantom income considerations
- Can you transfer a policy - of course you can, but can you do it correctly?
- Trust mishaps: When to use an ILIT, when you should not, and the mistakes you want to avoid when funding, transferring, or defining trustee powers
Tune in and walk away with invaluable insights that will help you deliver meticulously crafted client plans that work as testators intended and are resilient in the face of unforeseen challenges.
Estate planners and other related professionals will benefit from this CLE on life insurance planning.