Life insurance is part of virtually all family and family office environments. It is utilized for short- and long-term planning, financial security for spouses, estate taxes and family business buy/sell planning. Often not well understood, life insurance can be easily relegated to the “back burner” – with potentially disastrous results. Auditing these assets can highlight unknown, time-sensitive risks, and increase financial leverage opportunities.
The learning objectives include:
- Reducing family office and trustee fiduciary risk
- Better understanding of the results of sustained low-interest rate environment
- Leveraging gift, estate, and GST tax exclusions
- Income tax issues
- Underwriting fundamentals