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Robert W. Finnegan, J.D., CLU®, Published in Estate Planning Magazine

We are pleased to announce that the following article by Robert W. Finnegan, J.D., CLU®, was published in the August 2017 issue of Estate Planning magazine.


Where is the UHNW Market Trending? The future’s so bright, I’ve gotta wear shades …

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The threat of estate tax repeal, in the background for at least the last 15-years, is now “in our face” and likely represents the new normal. Carriers continue to experience downward pressure on their investment returns, resulting in fewer and more expensive guaranteed products and more face amount limitations. Many clients believe a wait-and-see approach is prudent and there is a good deal of confusion in the community of trust and estate attorneys and CPAs. With all of this uncertainty and confusion, where is the opportunity?

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Planning in Uncertain Times Part III: The Cost of Delay (Gift with Life Insurance)

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An article by Bob Finnegan, J.D., CLU®, HCB Senior Vice President, Advanced Sales Attorney, re-published in Steve Leimberg’s Estate Planning Newsletter on April 12, 2017.

Part I of this Newsletter explored possible legislative paths to estate tax repeal and the importance for high and ultra-high net worth clients to continue to engage in estate planning regardless of the outcome of repeal legislation.

Recognizing that many clients will be tempted to delay planning, Part II of this Newsletter explored the cost of delay based on a modeling approach to compare a discounted gift (without life insurance) today versus in five or 10-years.

Part III continues the “cost of delay” analysis utilizing the same methodology as Part II, but introduces the purchase of a fully guaranteed survivorship universal life insurance policy by the Dynasty Trust. The cost of delay, even assuming the insureds remain preferred risks, is staggering.

 

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Planning in Uncertain Times Part II: The Cost of Delay (Gift)

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An article by Bob Finnegan, J.D., CLU®, HCB Senior Vice President, Advanced Sales Attorney, re-published in Steve Leimberg’s Estate Planning Newsletter on March 14, 2017.

With all of the uncertainty surrounding the future of the transfer tax system, many clients will consider delaying planning because it seems like a prudent course. It is important however that they understand the substantial cost of delay in terms of wealth transferred to the family. This article utilizes a financial model to evaluate and understand these costs. It looks at a few possible and, arguably, likely repeal scenarios based on a set of reasonable assumptions as to the future. This article is a follow-up to LISI Estate Planning Newsletter #2492 (December 20, 2016).

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Planning in Uncertain Times

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An article by Bob Finnegan, J.D., CLU®, HCB Senior Vice President, Advanced Sales Attorney, published in Steve Leimberg’s Estate Planning Newsletter on December 20, 2016.

Since at least 2001 when the estate tax was renamed the “death tax,” transfer taxes have been a political football. With the election of Donald Trump and a 51-member majority in the Senate, the possibility of repeal has become more likely. Much of the commentary has taken repeal as a given.  But is repeal likely? And if the transfer taxes are repealed, what is the likelihood that repeal will in fact be permanent?  And most importantly, how do we advise our clients in the face of all of this uncertainty?


Understanding Indexed Universal Life Returns

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Many individuals assume that Index Universal Life (IUL) crediting rates (“Indexed Returns”) and the equity returns of the underlying fund (for example, the S&P 500 Index) to which they are linked closely track each other.


Department of the Treasury Issues Proposed Regulations to Eliminate Discounts for Family Controlled Entities

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New Proposed Section 2704 Regulations were just released by the Department of the Treasury and were published in the Thursday, August 4th Federal Register.


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