Split-Dollar Life Insurance
Public companies, privately held businesses and tax-exempt organizations often provide split-dollar life insurance to their executives. Recent proposed tax rules changes require that companies reexamine whether these programs continue to meet their original objectives. Special transitional opportunities will require action by the end of 2003. In addition, the personal loan prohibition under the Sarbanes-Oxley Act raises serious questions as to whether public companies may continue to make premium payments under these arrangements.
Our Firm brings together the required tax, benefits, insurance and estate planning expertise required to provide sophisticated split-dollar planning. We are working with public companies to evaluate their alternatives under IRS Notice 2002-8 and the Sarbanes-Oxley Act. We offer diagnostic reviews of corporate split-dollar programs, including group-carve out arrangements, SERP-Swaps and “equity” split-dollar life insurance arrangements.
Contacts
- Andrew C. Liazos
617.535.4038
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