June 5, 2013
12:00 – 1:00 p.m.
1.00 MCLE hours
Insurance is a sophisticated financial product which can be used creatively by estate planners to reduce a range of taxes, shield client assets, and achieve non-tax goals, including retention of family control of a business and charitable giving. Insurance is also an effective tool for resolving liquidity concerns when estate or gift taxes are owed on illiquid assets or death triggers the payment of certain debts. But like most sophisticated financial products, life insurance and other insurance products are complex in themselves and give rise to a host of income and estate and gift tax considerations. This program will provide you with a practical guide to sophisticated estate planning techniques using insurance to reduce taxes, resolve liquidity concerns, shield assets and achieve other client goals.
Donald O. Jansen, The University of Texas System, Texas