Morris Law Group


How do I ensure that premiums are paid on my life insurance policy without any transfer tax consequences, in the case of irrevocable trusts?

Split Dollar Agreements are one answer to the above question. This highly effective estate planning technique is essentially a strategy in which high net worth individuals can utilize a series of separate annual loans in order to make premium payments for his or her life insurance policies. This arrangement is also common in cases where employers provide life insurance for highly compensated employees as a supplemental benefit.

Please do not hesitate to contact the Morris Law Group to discuss how a Split Dollar Agreement may be helpful to achieve such estate planning goals.

** Disclaimer Required by IRS Circular 230** Unless otherwise expressly approved in advance by the undersigned, any discussion of federal tax matters herein is not intended and cannot be used 1) to avoid penalties under the Federal tax laws, or 2) to promote, market or recommend to another party any transaction or tax-related matter addressed.

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