This webinar will look at financial planning in light of President Biden’s proposals on capital gains, estate planning, and taxation. With taxes potentially going up, life insurance can play many critical roles in planning for this new environment. Combining life insurance with the revolutionary new world of trusts can produce an unbeatable financial combination for many of our clients.
You Will Learn:
- How President Biden’s proposals are designed to raise taxes significantly, particularly with regard to capital gains and estate taxes
- How life insurance can provide benefits and avoid these proposed tax increases
- How the new trust environment allows clients to enjoy income and capital from assets without incurring estate or generation-skipping taxes
- Why life insurance is the new planning “hub” in this new tax environment
Thomas F. Commito is an advanced sales consultant for Lincoln Financial Distributors. A graduate of Cornell University, he earned a juris doctorate, cum laude, from Boston College Law School and a master’s of laws degree in taxation from Boston University School of Law. Tom is admitted to practice law in Massachusetts and Vermont, and is also Series 7 and Series 24 licensed.
He is the author of two books, Working with LLCs: A Practitioner’s Guide to Limited Liability Companies and Comprehensive Buy-Sell Agreements, both published by the National Underwriter Company. He writes the column “Accounting and Taxation” in the Journal of Financial Service Professionals, and was formerly an assistant editor for The American Alpine Journal.
He has been elected to the Estate Planning Hall of Fame, and has also been awarded the Distinguished AEP certification by the National Association of Estate Planners and Councils. He is a frequent speaker to and a member of several insurance and legal associations.
* Licensed, not practicing.
Registration Fee: $19
Archive: The archive recording will be available after the webinar in your FSPgo account (on the My Account tab).
CE Credits: There are no CE credits available for this program.
Note: This webinar was originally broadcast on April 8, 2021.