It’s not what you say, it’s how you say it. When clients are asked about life insurance, it is not uncommon to get a negative reaction. Ask the same clients if they are interested in transferring wealth free of income and estate taxes, and they are instantly excited to learn more. However, both situations surprisingly involve the same structure using life insurance – just said differently.
Life insurance is an extremely complex financial asset that has a number of unique tax benefits. And, because of the possible tax changes being proposed in D.C., a working understanding of some of these key details about life insurance are more important than ever for anyone who has clients interested in wealth preservation. Our speaker is active in the behind-the-scenes discussion in D.C. and is the person in charge of the advanced planning group for largest brokerage general agent of life insurance in the country. During this session, he will address:
- What to expect out of the current tax proposals from D.C. and how it will impact some of the more common wealth transfer planning techniques going forward
- How the tax rules could impact life insurance structures and, if done properly, how they might be leveraged in a favorable way for clients
- How to integrate life insurance into clients’ long-term planning even if wealth transfer tax rules keep changing
- How to manage current policy designs and ownership, and the opportunities to build in additional coverage for those clients who need to create a more balanced estate plan
Speaker: Michael Amoia, JD, LLM (Tax), CLU®, ChFC® is senior vice president for advanced sales for Crump Life Insurance Services and is responsible for overseeing a team of experienced industry professionals who work with Crump independent financial professionals and institutional relationships. Michael spends much of his time supporting Crump Affluent Markets, the premier professional services group for exceptional life insurance producers in the United States and the high-end boutique organization within Crump.
Michael has over twenty-eight years of advanced estate and business planning experience for high net-worth clients. He is best known for his expertise in the taxation of life insurance transactions. He speaks nationally, has taught a number of wealth transfer planning courses for various educational organizations and has authored numerous articles, such as: The Interplay of 409A and Split Dollar, Utilizing Private Split Dollar in Estate Planning, Irrevocable Life Insurance Trusts in Times of Tax and Legal Uncertainty, Insurance LLC for Buy-Sell Planning, Taxation of Trust Owned Deferred Annuities, Life Insurance Planning for Real Estate Clients and Complexities of Life Insurance Policy Valuation.
Michael received his Bachelor of Science degree in economics from George Mason University. He graduated cum laude from the University of Baltimore, School of Law and received his LL.M. in Taxation and Certificate in Estate Planning from Georgetown University Law Center.
One Education Credit for CLE (PA Only), Insurance (PA Only), CFP, CPA (PA Only), PACE and CTFA will be offered.
This meeting is being sponsored by
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