
The Special Purpose Insurance LLC - What the Sophisticated Advisor Needs To Know!
Watch Now! |
---|
Special purpose insurance LLCs have become extremely popular over the past 5 years. When utilized in buy-sell planning, their inherent flexibility can solve many of the issues raised cross-purchase and entity redemption arrangements. However, special purpose insurance LLCs raise a variety of complex legal and tax issues that many advisors may not be fully aware of.
The best way for advisors to get fully up to speed on this important development is to join Michael Geeraerts in his exclusive LISI Webinar where he will address all of the critical planning issues raised by special purpose insurance LLCs. In his webinar, Michael will cover the following issues:
- What is a special purpose insurance LLC for buy-sell planning and what are its advantages over traditional structures
- Cross-purchase vs. entity redemption buy-sell arrangements
- Issues with trusteed cross-purchase arrangements
- Tax benefits of using an insurance LLC
- Creditor protection with insurance LLCs
- Allocation of the life insurance premiums
- Transfer for value considerations
- Valuation of the insurance LLC membership interest
- Using an insurance LLC to hold key employee life insurance
- Using an insurance LLC as an alternative to nonqualified deferred compensation plans
To register for just the webinar only use the BUY NOW BUTTON ON THIS PAGE.
or
CLICK HERE for the webinar and eBook bundle with Limited Time Discount
or
CLICK HERE to order the eBook separately with Instant Delivery
The Special Purpose Buy-Sell Insurance LLC covers the waterfront on all of the tricky issues advisors need to master, including:
- Transfer-For-Value issues in light of the final TFV regulations
- Tax benefits of using a Special Purpose Buy-Sell Insurance LLC
- Creditor protection with Special Purpose Buy-Sell Insurance LLC
- Premium payments and allocations among the members
- Valuing the insurance LLC membership interest upon death
Best of all, this book comes with specimen documents, including a sample operating company buy-sell agreement as well as a sample special purpose buy-sell operating agreement!
Here’s what Bob Keebler says about this book:
The Special Purpose Buy-Sell Insurance LLC, is a must-read resource for anyone helping clients with insurance-funded buy-sell agreements. It not only makes a strong case for using a special purpose LLC, but also provides what you’ll need to put the plan into action. I plan to keep my copy handy.
Here’s a quick look at the Table of Contents:
Introduction |
1 |
Trusteed Cross-Purchase Agreements |
3 |
What is a Special Purpose Buy-Sell Insurance LLC? |
7 |
Transfer-For-Value Final Regulations – Considerations for BSILLC |
10 |
Tax Benefits of Using a Special Purpose Buy-Sell Insurance LLC |
20 |
Creditor Protection with Special Purpose Buy-Sell Insurance LLC |
23 |
LLC Planning Considerations |
25 |
Premium Payments and Allocations Amongst the Members |
34 |
Valuing the Insurance LLC Membership Interest Upon Death |
48 |
The Insurance LLC In Private Letter Ruling 200747002 |
51 |
Sample Operating Company Buy-Sell Agreement |
55 |
Sample Special Purpose Buy-Sell Insurance LLC Operating Agreement |
68 |
Appendix |
82 |
Private Letter Ruling 7918022 |
83 |
Private Letter Ruling 9349002 |
85 |
Private Letter Ruling 9625013 |
98 |
Private Letter Ruling 200747002 |
107 |
Private Letter Ruling 201217017 |
117 |
Rev. Rul. 88-76 |
123 |
Rev. Proc. 2005-25 |
128 |
Rev. Proc. 2019-3 |
137 |
ESTATE OF FRANK H. KNIPP., 25 TC 153 |
176 |
ESTATE OF CARTWRIGHT v. COMM., 183 F.3d 1034 |
196 |
There will be no CE for this webinar
For those who have a conflict with the date/time, The session will be recorded. Simply register and you will have unlimited access to the recording.
Although they are scheduled for a particular time and date - once purchased - they can be viewed at ANY TIME!.
If you are not a LISI member please use the Buy Now Button below to pay the non-member price of $149*. *plus applicable sales tax (if any)
After you pay you will be sent a link with the registration information. Your webinar registration is designed for one individual user and groups up to 5 individuals. Sharing beyond this is not permitted. If you are interested in group access to our webinar content, please send an email to lisiwebinars@gmail.com
If you have any questions, please contact webinaradmin@leimbergservices.com
NOTE: To pay using a credit card, use the botton labeled
"Pay with Debit or Credit Card"
after clicking the Buy Now button below.
If you are a LISI member, please login below to receive the member price of $129* for this webinar. *plus applicable sales tax (if any)
Michael Geeraerts, CPA, JD, CGMA®, CLU® is an advanced planning consultant at The Guardian Life Insurance Company of America®. Prior to joining Guardian, Michael was a manager at PricewaterhouseCoopers LLP and a tax consultant at KPMG LLP. Michael’s experiences range from preparing tax returns for middle market companies, auditing billion-dollar mutual funds’ financial statements, to researching unique tax savings strategies for various companies. Michael has written articles for numerous national publications and has delivered continuing education courses to CPAs and attorneys on a variety of estate, business and income tax planning strategies.

Bob Keebler
March 9, 2021 3:00 PM ET - 4:30 PM ET ET
THE TAX ASPECTS OF DECANTING AND REFORMING TRUSTS
More Info
![]() |
![]() |
Michael Geeraerts Jim Magner
March 10, 2021 11:00AM ET - 12:30PM ET ET
Alternative Life Insurance Ownership Structures if Congress Takes a Swing at ILITs Using New Code Section 2901 - A Special Re-Broadcast
More Info
![]() |
![]() |
Alan Gassman and Brandon Ketron
March 10, 2021 1:00PM ET - 2:30PM ET ET
PPP and Employee Retention Credit (ERC) Update - What's New and What's Still to Come!
More Info

Linas Sudzius
March 11, 2021 3:00PM ET - 4:30PM ET ET
How to Handle an Unexpected Form 1099-R Received from a Life Insurance Company/Financial Institution: Reconciling with all the Tax Partners
More Info

Bob Keebler
March 11, 2021 11:00 AM ET 12:30 PM ET
IRAs Payable to Trusts After the Secure Act – 2021 Estate Planning Edition
More Info

Paul Hood
March 11, 2021 1:00PM ET - 2:30PM ET
Part 4 of Paul Hood's Six-Part Series on the Federal Transfer Tax System: Estate Tax Credits; Estate Tax Reimbursement & Apportionment Provisions, Gift Tax Introduction & Overview of Generation-Skipping Transfer Tax
More Info

Bob Keebler
March 12, 2021 3:00PM ET - 4:30PM ET
THE AMERICAN RESCUE PLAN ACT of 2021: What the Sophisticated Advisor Needs to Know Now!
More Info

Bob Keebler
March 16, 2021 3:00PM ET - 4:30PM ET ET
Tactical and Strategic Roth Conversions in 2021
More Info

Linas Sudzius
March 18, 2021 3:00PM ET - 4:30PM ET ET
Private Letter Ruling 202031008 Opens Multiple Annuity Planning Opportunities
More Info

Paul Hood
March 18, 2021 1:00PM ET - 2:30PM ET ET
Part 5 of Paul Hood's Six-Part Series on the Federal Transfer Tax System: Selected Gift Tax Topics; Overview of Generation-Skipping Transfer Tax
More Info
![]() |
![]() |
Michael Liebeskind Bryan Bloom
March 19, 2021 3:00PM ET - 4:30PM ET ET
Private Placement Life Insurance (PPLI) and Private Placement Annuities (PPA) - A Major Tax Planning Opportunity for HNW Clients in 2021
More Info

Paul Hood
March 19, 2021 1:00PM ET - 2:30PM ET ET
Out of the Hood: Analysis With An Attitude©: Overview of Estate Planning From 30,000 Feet
More Info
Bob Keebler
March 23, 2021 3:00PM ET - 4:30PM ET ET
Tactical and Strategic Roth Conversions in 2021 - A Special Re-Broadcast
More Info

Eric Green
March 25, 2021 1:00PM ET - 2:30PM ET ET
The Biggest Mistakes Made During Tax Season that Trigger IRS Enforcement!
More Info

Paul Hood
March 25, 2021 1:00PM ET - 2:30PM ET ET
Part 6 of Paul Hood's Six-Part Series on the Federal Transfer Tax System: Valuation: General Principles
More Info

Mark Merric
March 26, 2021 3:00PM ET - 4:30PM ET ET
Understanding Tax Provisions in An LLC Operating Agreement - Formation Concepts Part 2: Capital Accounts Compared to Stock
More Info

Paul Hood
April 1, 2021 1:00PM ET - 2:30PM ET ET
Family Business Succession Planning-It’s a Contact Sport!!!
More Info

Steve Oshins
April 2, 2021 1:00PM ET - 2:30PM ET ET
The Spousal Lifetime Access Trust: A Gifting and Creditor Protection Technique, What Advisors Need To Know for 2021
More Info
