Bloomberg Tax – “Private Split Dollar: How Clients Can Capitalize on Exemptions”

“In anticipation of potential tax legislation in 2021, many ultra-high net worth clients took advantage of the large exemption amount to transfer assets outside of their taxable estate. Despite this planning, numerous clients will still have a significant estate tax liability that will need to be funded. Trust-owned life insurance is a helpful planning solution that creates future liquidity outside of client’s taxable estate to help fund this liability.”

An excellent primer in Bloomberg Tax on the benefits of Private Split Dollar.

Click here to read the full article.

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