National Law Foundation, LLC -- Drafting Life Insurance Trusts That Work Including GSTT Issues

Drafting Life Insurance Trusts That Work Including GSTT Issues

Audiotape and Course Book

The audiotape and course book of this 1.6-hour September 24, 2007 presentation give you a practical and useful explanation of what you need to know in order to properly plan and draft Irrevocable Life Insurance Trusts. Jon J. Gallo, Esq., a partner in the Los Angeles law firm of Greenberg Glusker Fields Claman & Machtinger LLP, provides a thorough and comprehensive analysis of this important topic.

Topics include:

üCommunity Property Issues

ü Selecting And Removing Trustees

• insured

• beneficiary

• R.R. 79-353, TAM 8922003, PLR 8916032, PLR 9303018, Estate of Wall, R.R. 95-58

ü Three-Year Rule

• TAM 932300

• substituting v. backdating

• Estate of Kurihara

ü Transfer For Value Rule

• secondary market issue

ü Basic Gift Rules

• term, whole life, etc.

• secondary market

ü Crummey

• frequency of notices

• “reasonable” period

• minor beneficiaries

• must there be cash?

• can you turn power on and off?

• Hackl assets

ü Cost Factors

ü Insurance Products

• term

• whole life

• blended whole life

• universal life

• variable life

ü Sample Irrevocable Life Insurance Trust With GSTT Provisions

Price: $99.00