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January 25, 2019
11:00AM - 1:00PM ET



Course Description

Life insurance is an asset that many of our clients own. Yet, how many of our clients truly understand the nuances and the important tax consequences with regard to their life insurance policies? This course will explore the income, gift, and estate tax rules addressing life insurance. It will address a number of tax planning issues including irrevocable life insurance trusts, the use of life insurance in buyout agreements, corporate-owned life insurance, gifts of life insurance policies to charity, tax-free policy exchanges, life settlements, and more.

Among the topics to be covered are:

  • Income, gift, and estate tax issues surrounding life insurance
  • The transfer for value rule
  • Opportunities and pitfalls of life insurance trusts
  • Life insurance in cross-purchase and entity buyout agreements
  • Life insurance owned by corporations or partnerships on the owners' lives
  • Taxation of life settlements and policy sales by terminally ill persons
  • Tax-free policy exchanges
  • Gifts of life insurance policies to charity


Steven G. Siegel, JD, LLM

Steven G. Siegel, JD, LLM, is president of The Siegel Group, which provides consulting services to attorneys, accountants, business owners, family offices, and financial planners. Based in Morristown, New Jersey, the Group provides services throughout the United States.

Steven is the author of many books, including: The Grantor Trust Answer Book (2015 CCH); CPA’s Guide to Financial and Estate Planning (AICPA 2014); Federal Fiduciary Income Taxation (Foxmoor 2014); and Federal Estate and Gift Tax (Foxmoor 2014).

In conjunction with numerous tax-planning lectures he has delivered for the National Law Foundation, Steven has prepared extensive lecture materials on the following subjects: planning for an aging population, preparing the audit-proof federal estate tax return, business acquisitions, estate planning, dynasty trusts, planning with intentionally defective grantor trusts, S corporations, and many others.

Steven has delivered hundreds of lectures to thousands of attendees in live venues and via webinars throughout the United States on tax, business, and estate planning topics on behalf of numerous organizations, including Western CPE, the Heckerling Institute on Estate Planning, CCH, National Law Foundation, AICPA, the National Society of Accountants, CohnReznick, Foxmoor Continuing Education, many state CPA societies and estate planning councils, and on behalf of private companies.

He’s presently serving as an adjunct professor of law in the graduate tax program (LLM) of the University of Alabama School of Law, and he has served as an adjunct professor of law at Seton Hall University and Rutgers University law schools.

Steven holds a bachelor’s degree from Georgetown University (magna cum laude, Phi Beta Kappa); a juris doctor from Harvard Law School; and an LLM in taxation from New York University Law School.

Course Specifics

May 25, 2017

Compliance Information

IRS Provider #: OMYXB
IRS Course ID: 0MYXB-T-01152-17-O
IRS Federal Tax Law Credits: 2
CTEC Provider #: 2071
CTEC Course ID: 2071-CE-1105
CTEC Federal Tax Law Credits: 2
Qualifies for CA Fraud: No

Learning Objectives

Upon successful completion, participants will be able to:

  • Understand how life insurance is treated for income, gift, and estate tax purposes
  • Address various planning opportunities for using life insurance
  • Recognize technicalities that arise with regard to life insurance trusts
  • Review the uses of life insurance in personal and business settings

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