Morris Law Group

FAQ'S

What is Estate Planning through Split Dollar Life Insurance?

Split Dollar Agreements, is a highly effective estate planning technique for high net worth individuals. It is essentially a strategy in which an individual 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 for employers who provide life insurance for highly compensated employees as a supplemental benefit.

Split dollar life insurance is especially useful for those individuals who would like to have their life insurance policies owned in an irrevocable trust, yet do not have the necessary annual exclusion amount available to pay the full premium amount.

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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