Stephen H. Frishberg, Anderson Kill, Moderator; Philip England, Patricio Suarez, Andrew M. Walsh, Anderson Kill
In addition to providing needed and focused insurance coverage for a group of related or third party insureds, a captive insurance company can be a part of an overall estate plan to build wealth within a family trust arrangement.
Through careful structuring and appropriate management, a captive insurance company can be a valuable tool to build wealth and protect assets. By separating the ownership of the captive between one or more generations, an opportunity is provided to transfer wealth without gift, estate, or generation-skipping tax consequences. Correctly managing a program such as this centers around understanding what is possible and what is appropriate for a captive insurance company involved in an estate plan. Don’t miss this chance to learn more.