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Check Spelling in Split Dollar Agreement

Check Spelling in Split Dollar Agreement

Aug 6th, 2022

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How to Check Spelling in Split Dollar Agreement

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47 votes

Jamie Hopkins and Steve Parrish discuss split dollar life insurance, a planning technique relevant for both advisors and students not familiar with insurance or business planning. The term "split dollar" refers to a situation where one party has a need for insurance and another has the ability to pay for it. Historically, split dollar life insurance was widely utilized for retirement, death benefit, and estate planning until 2003, when the IRS recognized its overuse and imposed regulations. This conversation aims to clarify the concept and its applications while addressing the changes in regulatory landscape concerning split dollar arrangements.

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