The authors discuss, in detail, the use of life insurance in business and estate planning, including income tax rules applicable to life insurance policies, from both a current and historical perspective. Extensive coverage is given to various insurance strategies, their tax consequences in corporate, partnership, and personal contexts, as well as the accounting implications associated with these strategies.
This text contains detailed information on the intricacies of estate planning and income tax compliance, with expert commentary you can trust to address even the most complex tax issues that can arise at death.
This text offers a description of tax laws affecting estate planning and techniques that can be utilized to manage the tax consequences. Throughout the volume there is focus on taxation in the year of death, taxation of the estate and beneficiaries, will planning, gifts and trusts, estate freezing, buy/sell arrangements and international taxation.