Article on Life Insurance in an Uncertain Estate Planning World

Steve Parrish recently published an Article entitled, What Planners Need to Know About Life Insurance in an Uncertain Estate Planning Environment, 71 J. Fin. Serv. Prof. 43 (Mar. 2017). Provided below is an abstract of the Article:

Much of the traditional literature concerning the use of life insurance in estate planning focuses on what insurance professionals need to know about the product’s application in planning: estate and gift tax concerns, owner and beneficiary designations, will and trust coordination, and so on. A different set of issues arises for estate planners who are not well versed in life insurance and who need to know more about the product itself: where it can help, tax minefields to avoid, and how to leverage the concept in planning. In light of the uncertain planning environment created by the recent federal elections, the need for estate planners to understand life insurance is even more acute.