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If a policy in an ILIT that is financed with loans is surrendered, what are the tax consequences?
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I have a client in the Gas and Oil business for whom I’m doing a Wealthy and Wise analysis. He has several gas/oil assets that will deplete in value. There is no negative percentage that I can use to match his numbers. Is there a way to manually enter the
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We have two clients who are owners of an S Corp in California. 12 years ago their company was valued at $12 Mil. They created a Cross Purchase B-S agreement and funded the B-S with $6 Mil of permanent life insurance on each owner. Today, the company is va
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With stretch-out IRAs using Wealthy and Wise, what do I do if some of the estate tax has to come from the IRA? As you know, this creates a circular calculation where you end up paying a tax upon a tax upon a tax, which ultimately ends up consuming anywher
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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
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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
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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
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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
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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-
