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Loeb & Loeb’s D.C. Trusts & Estates Practice Leader, Todd Steinberg, spoke to the Nob Hill Gazette about the critical role of life insurance in wealth planning for ultra-high net worth families, emphasizing its value in addressing liquidity concerns, transfer tax challenges and multi-generational wealth preservation.
“If you’re not talking to your clients about life insurance, you are missing a key part. They will buy it. They will own it. At the end of the day your clients will utilize someone else (who does not have the institutional knowledge that you may have as the family advisor), may not even consult with you until the design of the policy, ownership structure and premium funding is implemented as opposed to the more careful and holistic manner it should be done,” said Todd.
To read the full article, please visit Nob Hill Gazette’s website.
“If you’re not talking to your clients about life insurance, you are missing a key part. They will buy it. They will own it. At the end of the day your clients will utilize someone else (who does not have the institutional knowledge that you may have as the family advisor), may not even consult with you until the design of the policy, ownership structure and premium funding is implemented as opposed to the more careful and holistic manner it should be done,” said Todd.
To read the full article, please visit Nob Hill Gazette’s website.
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D.C. Trusts & Estates Practice Leader