Although qualified plans and universal life policies are fruits of a different color, they still look a lot alike when used to provide funds for retirement.

Too often shortcuts are taken in the establishment of irrevocable trusts and too often insufficient attention is given to their ongoing administration.  While it is not the legal responsibility of the insurance advisor to see that all is done according to Hoyle, it should be his or her annual practice to make sure that the proper parties are fulfilling theirs.

SECURE contains provisions that affect qualified retirement plans in general; but consider the good news and the bad news regarding the changes the new law makes concerning IRAs.

Despite the fact that the information on the trust that will be the owner and beneficiary of the policy is unknown, work can begin on processing and underwriting.

A real-life case, potential challenges to consider, and three good rules to live by.

Hassles, back taxes, penalties, and advisor fees can be avoided if they are attended to up front.

All employers want economical ways to keep their key people.  You make your coin by helping them decide which side of the opportunities available best meet their needs and goals.

The need for a reliable value occurs often in the business, estate and financial planning process.  And by “reliable” we mean one that the IRS will find acceptable, because usually the value is needed to calculate the tax consequences at the time of an ownership change.

The order of things is essential.  The correct order is critical.  Fortunately the order and timing of insurance conversions and ownership transfers is less complicated.