American Institute Of Cpas - Personal Financial Planning (pfp)

You can give your clients tremendous value by guiding them with their life insurance planning, even if you’re not an insurance expert. In this episode of the PFP Section podcast, Ed Mendlowitz, CPA/PFS, interviews expert Lee Slavutin, MD, CLU to share strategies to consider for your individual clients. Ed poses the following questions to Lee: What strategies would you recommend to make use of the lifetime exemption before the sunset at the end of 2025? Why is doing an insurance audit a great service to provide for your clients at all wealth levels? What are the benefits of a life insurance trust and how do crummy powers play into this? When are split dollar policies allowed, why use them, and who do they benefit? What are some ways to meet charitable goals through life insurance planning? For more resources related to this episode: Listen to Lee’s podcast with David Kushner outlining the tax traps to beware of with life insurance planning. Use the Adviser’s Guide to Financial & Estate Planning Volume 1