Download or read book Due Diligence of Trust Owned Life Insurance written by Richard Weber and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Life insurance properly acquired and actively managed is one of the best long-term solutions to assuring financial liquidity at death. Due Diligence of Trust-Owned Life Insurance is an impactful and timely resource for any attorney who wishes to safely guide their clients through what can be a confusing maze of life insurance policies sold in today's market.Why is this book so necessary? Recently, numerous class action lawsuits have been brought against life insurance companies by disgruntled policy owners due to failed policy performances. Many buyers who relied on the projected values contained in sales illustrations at the time of purchase are now experience serious buyer's remorse. Estate planning attorneys are often asked by clients to attend meetings with agents to help guide clients in making the right decisions, making it essential that counsel can decipher, understand, and explain the language in and differences among life insurance policy contracts.Due Diligence of Trust-Owned Life Insurance clearly explains policy provisions and details in an understandable fashion, making important decision-making criteria is finally accessible to the practitioner. At the same time, it also includes a rigorous treatment of key insurance contract provisions to help attorneys understand how different contract details can materially impact their clients. Topics include: The Uniform Prudent Advisor ActPolicy options and ridersInherent risks in life insurance productsHow to choose ideal policy stylesReading a non-guaranteed universal life illustrationPremium financingTrustee involvement and acceptance, and moreTo illustrate this challenging material, the authors include graphs and charts as well as sample forms and schedules. Additional material includes a glossary of terms and the rating systems of the five major rating agencies.Whether you are a newly appointed trustee--or one who has been acting in that role for many years--if any of these statements are true for you, you will find this book a valuable resource. This concise and useful guide has been written in collaboration with insurance agents, actuaries, attorneys, and others with requisite expertise and the focus has the personal trustee in mind.

Download or read book Due Diligence of Trust owned Life Insurance written by John Resnick and published by . This book was released on 2018-02 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Insurance Trust a Manual for Attorneys and Life Underweiters written by Charles Alison Scully and published by . This book was released on 1927 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Life Insurance Trusts written by Bank of America (New York, N.Y.) and published by . This book was released on 1927 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Trust Owned Life Insurance written by and published by . This book was released on 2003 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Some Legal Aspects of Life Insurance Trusts written by Guy Bertram Horton and published by . This book was released on 1927 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Irrevocable Life Insurance Trust written by Lawrence Brody and published by American Bar Association. This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understand the essential elements of both a single life policy irrevocable life insurance trust and survivorship policy irrevocable life insurance trust in order to meet your clients' estate planning needs. This concise primer offers a step-by-step guide to these trusts and includes sample trust forms and documents to adapt for your practice. Includes sample forms for a both types of irrevocable life insurance trusts along with notes to the drafter for each type of trust; forms also on CD-ROM.

Download or read book Living Trusts written by Gilbert Thomas Stephenson and published by . This book was released on 1926 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Life Insurance Products Illustrations and Due Diligence written by Richard Allen Schwartz and published by . This book was released on 1989 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Using Life Insurance Products in Estate and Business Planning written by Maine State Bar Association. Continuing Legal Education and published by . This book was released on 1992 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Trust Owned Life Insurance written by E. Randolph Whitelaw and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1992, the unmanaged liability represented by trust-owned life insurance ("TOLI") has been the subject of many cautionary articles. Despite the warnings of fiduciary law and insurance experts, professional fiduciaries generally have not implemented meaningful TOLI procedures or policy performance evaluation capabilities. As a result, most non-guaranteed death benefit TOLI policies require restructure for performance and/or suitability reasons to achieve the insurance trust's objectives. This article explains how a 'best practices' TOLI risk management program can facilitate credible and defensible policy acceptance, management and restructure determinations that safeguard the interests of all insurance trust parties - trustee, grantor, beneficiaries, and professional advisors. The basic duty of a fiduciary is to maximize the probability of a favorable outcome to the trust estate. Contemporary evaluation tools and products are available to achieve an insurance trust's objectives - they just need to be used.

Download or read book Personal Life Insurance Trusts in New York written by Henry Salmon Fraser and published by . This book was released on 1930 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Advisor s Guide to Life Insurance written by Harold D. Skipper and published by American Bar Association. This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Have you ever felt overwhelmed by the complexities of life insurance or when advising a client about a purchase? This clearly written guide provides information essential to the exercise of due care for the purchase and retention of life insurance policies. Major life insurance terms are clearly explained, and information is organized starting with the insurance purchase and assessing a company's financial strength. It also features a common-sense explanation of fundamentals and how to determine the appropriate policy.

Download or read book The Irrevocable Life Insurance Trust written by Lawrence Brody and published by Real Property Probate and Trust Law American Bar Association. This book was released on 1999 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Life Insurance Trusts with the Insurer as Trustee written by Benjamin Harrison Dewey and published by . This book was released on 1940 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Irrevocable Life Insurance Trust written by Lawrence Brody and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "This volume provides sample forms for use by the drafting attorney for trusts. The drafting attorney is referred to relevant portions of companion volumes in The Insurance Counselor series. Forms are accompanied by "plain English" outlines designed to provide non-technical guidance"--

Download or read book Irrevocable Life Insurance Trusts Line by Line written by Pamela L. Rollins and published by Aspatore Books. This book was released on 2011-01-01 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by two practicing attorneys with more than twenty-five years of combined experience, Irrevocable Life Insurance Trusts Line by Line is a comprehensive examination of an irrevocable insurance trust agreement for an estate planning attorney. This book explains the reasoning behind the various clauses in the trust agreement, noting those which may be customized for the donor and the boiler-plate language which should be in every irrevocable insurance trust agreement. The book covers key topics such as estate, gift, and generation skipping transfer taxes; incidents of ownership, the three-year rule, Crummey powers, and annual exclusion gifts. Irrevocable Life Insurance Trusts Line by Line is a valuable resource for any practicing estate planning attorney, as well as for any law student interested in trusts and estates law.