Integrating Life Insurance Into Planning For Ultra-High-Net-Worth IndividualsIntegrating Life Insurance Into Planning For Ultra-High-Net-Worth Individuals

Yogi Berra was right: “It ain’t over till its over.” Now that the year-end rush of gift planning has been mostly completed, many ultra-high-net-worth (UHNW) clients (that is, clients with a net worth of $25 million or more) may erroneously assume that they’re finished with estate planning in 2012 and beyond. Not true. 

Now that we’ve stumbled over the first fiscal cliff of the year following passage of the American Taxpayer Relief Act of 2012 (ATRA), the deficit reduction cliff will take center stage. Estate tax reform would raise revenue and has been on President Obama’s agenda for some time, so don’t rule it out in the coming months. Efforts by UHNW individuals and families to push back against Congressional efforts to curtail or elimi...