ESLI
ESTATE AND BUSINESS SUCCESSION PLANNING USING LIFE INSURANCE

The purpose of this course is to enable the CPA to advise clients on choices of life insurance product design for their personal accumulation and estate-planning needs. The use of life insurance in the business environment will also be discussed, including the use of life insurance in the compensation and business succession plan. The focus of the course is the creation, preservation, and transfer of wealth for high-net-worth individual and business clients. Full coverage is given to the equity split-dollar rules.

Major topics include:

• The types of life insurance products available and suitable for specific uses
• The income, estate, gift, and generation-skipping transfer tax advantages uniquely afforded to life insurance products
• How to design the efficient transfer of wealth through life insurance trusts
• The use of life insurance to create liquidity for the estate of a closely held business owner
• How to use life insurance in the compensation plan to provide benefits to owners and other key employees.
• The use of "split dollar" life insurance, the exciting opportunities provided by private split dollar coverage, and the new proposed regulations
• How to design an effective transfer plan for a closely held business through insured buy-sell agreements
• How to use life insurance to enhance a family limited partnership
• How to extract the "living" benefits of a life insurance policy on a tax-favored basis
• How to use life insurance in a charitable giving plan
• Case study applications for advanced life insurance planning
• The use of dynasty trusts to create multi-generation wealth accumulation and transfer
• The role of life insurance after the 2001 Act

Level of knowledge: Intermediate

Self-Study Pricing and Credit Information