Estate Planning
Advanced Planning Resource Center
A proper estate plan in place will ensure your clients’ heirs will have the cash on hand to settle their estate, mitigate taxes, avoid probate, and qualify for certain government programs. Estate planning guides, gifting and trusts are your basic estate planning tools. Specialized trusts such as special needs, foreign nationals and spousal lifetime access trusts, are essential elements for a proper estate plan to protect your clients’ loved ones.
CBS Split-Dollar Services
Carriers, BGA’s and insurance professionals may recommend split-dollar, but very few stay involved to keep the plan in compliance. CBS Brokerage offers complimentary split-dollar audits for existing split-dollar plans-including arrangements we didn’t market. Additionally, we help devise a plan to keep arrangements on track in the future so your client’s plans actually work the way they are intended.
Four Ways to Pay Estate TaxesCBS Presentation
The piece is intended as a conversation starter about how a HNW clients will address estate taxes – the estate can pay the taxes with cash, the estate can sell assets to pay the taxes, the estate can borrow funds to pay the taxes, or a client can pre-pay their taxes with discounted dollars. If needed we can customize this piece for your specific client scenario.
Gifting and Trust
A proper estate plan in place will ensure your clients’ heirs will have the cash on hand to settle their estate, mitigate taxes, avoid probate, and qualify for certain government programs. Estate planning guides, gifting and trusts are your basic estate planning tools. Specialized trusts such as special needs, foreign nationals and spousal lifetime access trusts, are essential elements for a proper estate plan to protect your clients’ loved ones.
Understanding the Use of TrustsPrudential
Sample Trust ReviewCBS Presentation
Consider two individual policies instead of survivorship CBS Presentation
Private Financing - Private Split Dollar
Grantor loans assets to trust; leverages gifts.
Private Financing Client GuideJohn Hancock
Private Split Dollar Arrangement (Non-Equity Collateral Assignment)Prudential
Intentionally Defective Grantor Trust (IDGT)
Selling assets to a trust in exchange for a promissory note; leverages gifts and freezes estates.
Intentionally Defective Trust DesignCBS Presentation
Sale to an Intentionally Defective Grantor TrustCBS Presentation
Premium Financing
Third party loans can be used to pay life Insurance Premiums.
Premium finance is a strategy used by HNW families and business owners to finance premiums for large life insurance policies. It permits wealthy individuals who have a need for permanent life insurance to use an alternative method for covering the premiums. Clients who are well suited to the strategy understand both the power – and associated risks – of leverage.
As seasoned veterans, Comprehensive Brokerage Services views premium financing as a means to an end; not an end in itself. It’s A tool, not THE tool. We do premium financing the right way and we are in it for the long haul. In fact, our record of persistency is more important to us than marketing any single premium financing case. Because we diligently vet cases on the front-end and administer our cases on the back-end, carriers and lenders trust us. Thanks to our unparalleled persistency, we routinely get exceptions from carriers and lenders that benefit clients.