No deduction for interest on life insurance policy; Transfers to LLC ruled indirect gifts subject to gift tax; Taxpayer not responsible for income on 1099-R
Transfers of LLC Interests Results in an Indirect Gift; Charitable Trust Liable for UBTI on Securities; Favorable Ruling on Trust Owned Split-Dollar Arrangement; Case-In-Point: Private Financing.
Investor Originated Life Insurance; IRS Issues New Actuarial Tables based on Updated Life Expectancy Tables; Sensible Estate Tax Act of 2009; Case-In-Point: Creating an Asset Class with Protection SUL-G.
The John Hancock Advanced Markets Group has created an ensemble of educational tools to demonstrate various types of charitable techniques that work well with life insurance to help synchronize different client objectives
Today we are re-airing a prior broadcast with Steve Oshins on valuation discounts now available in Nevada. Next week we will have Steve's father, Dick Oshins, on the show referring back to this broadcast.
Insurance policies and/or associated riders and features may not be available in all states.
This material does not constitute tax, legal or accounting advice and neither John Hancock nor any of its agents, employees or registered representatives are in the business of offering such advice. It was not intended or written for use and cannot be used by any taxpayer for the purpose of avoiding any IRS penalty. It was written to support the marketing of the transactions or topics it addresses. Comments on taxation are based on John Hancock's understanding of current tax law, which is subject to change. Anyone interested in these transactions or topics should seek advice based on his or her particular circumstances from independent professional advisors.
Insurance products are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02116 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595.
