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  • April-June 2016

    Split-Dollar Life Insurance

     

    Checklist: Spending

     

    Recent Developments: Watch Formalities, Executor Liability, Marital Residence, LLC Tax Basis

     

    Planning Potpourri:

    • Revocable Trusts
    • Special Needs Trusts
    • Seed Gifts

     

     

    Split-Dollar Life Insurance

    • A private split-dollar insurance arrangement is one in which two persons/trusts join in purchasing insurance on the life of one person. In the estate planning context, this typically, involves the insured and an irrevocable life insurance trust (ILIT). But it is not limited to this traditional approach. The two parties agree to allocate policy costs and benefits between them and the beneficiaries of the insured.
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