Regarding Loan-Based Private Split Dollar, what happens if the Irrevocable Grantor Trust borrows more than the cost basis from the life policy and then the policy lapses and produces a taxable gain? Read more about Regarding Loan-Based Private Split Dollar, what happens if the Irrevocable Grantor Trust borrows more than the cost basis from the life policy and then the policy lapses and produces a taxable gain?
Is there any way that Wealthy and Wise can produce a report that lists all the menu prompts for a given Workbook? If I modify a Workbook to test a new approach, it’s often hard to remember all the places I made changes if I want to change it back -- parti Read more about Is there any way that Wealthy and Wise can produce a report that lists all the menu prompts for a given Workbook? If I modify a Workbook to test a new approach, it’s often hard to remember all the places I made changes if I want to change it back -- parti
When contemplating which type of loan to use with Loan-Based Private Split Dollar, term loan or demand loan, is the demand loan the one use that allows the client to “demand” repayment at any time, thereby providing quick access to liquidity. With a term Read more about When contemplating which type of loan to use with Loan-Based Private Split Dollar, term loan or demand loan, is the demand loan the one use that allows the client to “demand” repayment at any time, thereby providing quick access to liquidity. With a term
Recently, we set up a loan regime split dollar plan for the owner of a C Corporation (husband and wife, owner/employees, and one additional employee). In Marketing Alert #226 (December 2009) entitled “Six Tax Traps for the Unwary Employer (Employer-Owned Read more about Recently, we set up a loan regime split dollar plan for the owner of a C Corporation (husband and wife, owner/employees, and one additional employee). In Marketing Alert #226 (December 2009) entitled “Six Tax Traps for the Unwary Employer (Employer-Owned
Regarding Loan-Based Private Split Dollar, what happens if the policy in the Irrevocable Grantor Trust does not perform well enough and lapses without value. How does the trust repay the loan? Read more about Regarding Loan-Based Private Split Dollar, what happens if the policy in the Irrevocable Grantor Trust does not perform well enough and lapses without value. How does the trust repay the loan?
In the case of private loan-based split dollar, could the checks going back and forth between the lender/grantor and the grantor trust be construed as a "step transaction"? Read more about In the case of private loan-based split dollar, could the checks going back and forth between the lender/grantor and the grantor trust be construed as a "step transaction"?
Why do you include the word ''Equity'' in the product name for Indexed Universal Life? It seems that the industry has replaced ''Equity'' with the word ''Equity'' partially what drew the attention of FINRA IUL and produced 151A that applies to the Broker- Read more about Why do you include the word ''Equity'' in the product name for Indexed Universal Life? It seems that the industry has replaced ''Equity'' with the word ''Equity'' partially what drew the attention of FINRA IUL and produced 151A that applies to the Broker-
There are frequent situations using Wealthy and Wise where you might have a scenario in a Workbook using one income tax bracket and you need to develop another scenario which, due to some planning adjustments, requires a different income tax bracket. Is t Read more about There are frequent situations using Wealthy and Wise where you might have a scenario in a Workbook using one income tax bracket and you need to develop another scenario which, due to some planning adjustments, requires a different income tax bracket. Is t
I am working with a for-profit corporation of 400+ doctors. They are looking for a “golden handcuff program” that will be attractive to the physicians, fairly simple to administer and not cost prohibitive. Would Leveraged Compensation System (formerly Loa Read more about I am working with a for-profit corporation of 400+ doctors. They are looking for a “golden handcuff program” that will be attractive to the physicians, fairly simple to administer and not cost prohibitive. Would Leveraged Compensation System (formerly Loa
I made a presentation on the leveraged life insurance at my partner, Property and Casualty firm. The president passed it onto his estate attorney (to look for new opportunities) and this is what he/we got back: ''The people I spoke to told me the concept Read more about I made a presentation on the leveraged life insurance at my partner, Property and Casualty firm. The president passed it onto his estate attorney (to look for new opportunities) and this is what he/we got back: ''The people I spoke to told me the concept
