Keirsa Johnson to Moderate BBA's Virtual CLE: Life Settlements—The Hidden Tool to Unlock, Preserve and Rescue Value in the Estate Plan

Keirsa Johnson will moderate the BBA’s virtual CLE “Life Settlements—The Hidden Tool to Unlock, Preserve and Rescue Value in the Estate Plan,” on Wednesday, February 5, 2025 from 3:00pm – 5:00pm.

The presentation seeks to review why wealthy clients purchase life insurance and to confirm that life insurance is an asset that requires and can benefit from active management as the contract matures. The presentation reviews the various types of insurance commonly used in estate planning, the evolution of universal life insurance that has contributed to the development of the life settlement market, the tax treatment of life settlements should a policy be sold in a life settlement, options for working with a life settlement for the client with charitable intent or for charitable organizations owning life insurance and a discussion of trust owned life insurance and how the life settlement option is of particular importance for fiduciaries to understand to avoid potential liability for a policy surrender or lapse. The presentation includes numerous case studies designed to assist the practitioner with understanding when a life settlement may be appropriate for a client to consider.