A Sound Approach to Composing a Melodious Life Insurance PresentationA Sound Approach to Composing a Melodious Life Insurance Presentation

Taxes are in play again. And then they’re not. Income tax, wealth transfer tax and the income tax aspects of wealth transfer planning were all in play, with near-term effective dates that had estate planners and life insurance professionals scrambling to get things done before an uncertain deadline. However, as I write this article, the proposals ended up on the cutting room floor, as a very different vision for taxation of the wealthy emerged from Congress. 

Forewarned is Forewarned

It hasn’t been lost on estate planners and life insurance professionals that those far-reaching proposals, particularly the ones that so negatively impacted irrevocable life insurance trusts (ILITs) could be reinserted in the Congressional script at any time. ...