What Is Intergenerational Split Dollar and How Does It Work?
Intergenerational split dollar is a means for a family member with significant assets to pay for life insurance on the life of a family member with lesser wealth. Typically Generation 1 (grandparents) pays for life insurance insuring Generation 2 (children) for the benefit of Generation 3 (grandchildren). The session will cover all the information you need to determine the suitability of an intergenerational split dollar plan for your clients, in light of relevant regulations and recent Tax Court activity.
You will learn:
- Mechanics of intergenerational split dollar
- Different plan design options
- Tax implications of the plan
- Target market for the plan
Mark T. Brumbaugh, JD joined the Guardian in 2008 and is a Senior Consultant in the Business Resource Center for Advanced Markets. He works closely with Guardian agents in their efforts to assist closely-held business owners and wealthy clients plan for their future. He has over twenty-five years of experience helping insurance professionals and other advisors to implement and understand the tax consequences associated with all manner of advanced planning techniques such as business continuation plans, executive benefits programs, charitable giving and life insurance trusts. Prior to joining Guardian, Mark held comparable positions at Nationwide, Provident Mutual, and Manulife Financial. He obtained his law degree from Temple University and a B.S. in economics from Penn State University.
1 CFP® credit, 1 CPE (accounting) credit, and 1 Professional Recertification (formerly PACE) credit have been applied for.
$5.00 fee per credit.
You must participate in the live webinar in order to earn CE credits. For those requesting credits, a certificate of completion will be emailed to you about a week after the webinar, upon successful completion of the webinar. For CFP® credit, FSP will report your credit to the CFP Board for you after the webinar.
Registration Fee (includes live webinar, PowerPoint, and access to the archived program)
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|Prof Recertification (PACE) Credit:
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Upon registration, you will receive instructions via e-mail on how to participate in the program. The e-mail will also include instructions for downloading the PowerPoint presentation.
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This program will be recorded and archived and the link to the recording will be emailed to all registrants about a week after the webinar.
Can't attend the live webinar? Register anyway and you will automatically be sent the link to the recording.
The recording will also be accessible by all FSP members in the Member Resources area of the Website within 24 hours of the webinar.
The recording will include both the audio portion and PowerPoint slides.