The use of private placement life insurance (PPLI) by high-net-worth individuals has generated considerable controversy over the years, with proponents arguing that it is a proper use of existing laws that provide many of the...more
1/9/2025
/ Accredited Investors ,
Estate Planning ,
Estate Tax ,
Financial Services Industry ,
High Net-Worth ,
Income Taxes ,
Insurance Industry ,
Internal Revenue Code (IRC) ,
Investment ,
IRS ,
Life Insurance ,
Liquidity ,
Private Placement Life Insurance ,
Tax Code ,
Tax Cuts and Jobs Act ,
Tax Planning ,
Tax Reform
It has often been said that the only things in life that are certain are death and taxes. Until two weeks ago, the “taxes” part of that phrase was not so certain. However, on January 2, 2013 President Obama signed the...more
This past Friday, December 16th, Governor Quinn signed the tax-break package aimed at keeping Sears, the Chicago Mercantile Exchange and other financial exchanges based in Illinois....more
Earlier this year, Governor Pat Quinn signed the Illinois Religious Freedom Protection and Civil Union Act (the “Civil Union Act”). ...more
Last month President Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Jobs Creation Act of 2010. ...more