Tuesday, May 14, 2024 @ 8:00 AM PT
WP90X – Intergenerational Split-Dollar: Learning from Levine
Speakers
Details
As a valued professional advisor partner of WealthPoint, we invite you to an exclusive WP90X presentation on the use of Intergenerational Split-Dollar as an advanced estate planning strategy. Our presenters, Shane Swanson, J.D. and Jason Prather, J.D. worked together on the well known Levine case.
While Intergenerational Split-Dollar is not a new concept, the recent Tax Court case decided in February 2022, The Estate of Marion Levine vs. Commissioner of Internal Revenue Service has helped to define the proper manner in which to use the strategy. When properly utilized, this strategy is very effective at both creating a reduction in the taxable estate of the wealthy senior generation, while also enhancing multi-generational tax planning.
This presentation will discuss split-dollar regulations under which the plan in Levine was designed, as well as the particular restrictions that were used in the Split-Dollar Agreement in this case. We will review the various challenges the IRS made in this case pursuant to Treasury Regulation §1.61-22, I.R.C §2036 (a)(2), §2038 and §2703. We will also discuss what differentiated this case from the Estates of Cahill and Morrissette which also involved a similar transaction.
Session Overview
Join Jason Prather of Legacy Capital Group and Shane Swanson, J.D. of Stinson, LLP with Ryan Barradas of WealthPoint for this 90-minute presentation as they discuss Intergenerational Split-Dollar Agreements as well as the life insurance planning design utilized in the Levine case.
Learning Objectives
- Review split-dollar life insurance planning and ideal client profiles.
- When and where is it appropriate?
- Explore nuances of the Levine case and associated insurance planning and design.
- Gain an understanding of IRS guidelines and allowances.
- Examine future use and appropriate applications.
Following registration, you will receive a confirmation email containing information about joining the meeting. If you have any questions, please let us know. Please feel free to share this invite with other members of your firm if you think it would be valuable for them to attend.
CE Requirements
- This program qualifies for one hour of NASBA CPE or CFP credit
- Prerequisites: none
- Advanced preparation: none
- Program level: basic
- NASBA field of study is Specialized Knowledge
- Delivery method: Group live presented online
- There is no cost for this presentation or to obtain CPE credit
- For more information regarding administrative policies such as complaint and refund, please contact Shelley Forman at (602) 559-5389
- WealthPoint, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: nasbaregistry.org.
- Certificates for CPE/CFP credit will be provided within 30 days after the webinar
What:
WP90X – Intergenerational Split-Dollar: Learning from Levine
When:
Tuesday, May 14 at 8:00 am Pacific Time
Where:
Zoom Video Conference
CPE:
One (1) hour of NASBA* CPE or CFP credit will be offered (see below for more information)
