Webinar # 1Life Insurance Management in a Trust Setting
Many Trust Owned Life Insurance (TOLI) Trustees struggle with the processes and steps that need to be established with the management of life insurance policies. Life insurance is a peculiar financial product, and determining what is "best" for clients in a particular situation is a vexing problem. This webinar provides a background of life insurance policy types along with considerations (advantages/disadvantages, etc.) for each type of policy. It reviews the methods (suitability/criteria) to develop best practices for life insurance purchases and replacements. It also provides guidance to the trustee for the steps that must be taken for managing policies, including proper documentation to mitigate trustee liability.
Thursday, May 10th - 10:00a.m. CDT
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Webinar # 2
Dealing with Stand-Alone Irrevocable Life Insurance Trusts
Standalone ILIT's are a particular challenge to the TOLI Trustee. Since these accounts are devoid of a strong client relationship they are often difficult to handle. With limited business opportunities they present more liability issues than opportunities for today's trustee. This webinar will provide ILIT trustees with insight into the steps they should follow to maximize profitability and minimize liability when dealing with this asset class.
Tuesday, May 15th - 10:00a.m. CDT
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Webinar # 3
ILIT's and the Grantor Trust Rules
The grantor trust rules are among the most favorable provisions in the Internal Revenue code. They allow a grantor to interact with his or her irrevocable trust free of income tax consequences, while keeping the property out of his or her taxable estate. This webinar will inform a trust administrator how to determine whether an Irrevocable Life Insurance Trust is a grantor trust, and the consequences and benefits of grantor trust status.
Tuesday, May 22nd - 10:00a.m. CDT
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Note: "The Institute of Certified Bankers (ICB), a subsidiary of the American Bankers Association, is dedicated to promoting the highest standards of performance and ethics within the financial services industry.The "Best Practices-Policy Replacements within a Trust" has been submitted to ICB for CE credit review and is pending approval. Once we receive notification of the credit approval, we will notify attendees/participants." (This information is also provided on the ICB approval letter.)
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Webinar # 4
Is it Time to Outsource Your ILIT Administration?
This session will focus on a recent trend by corporate trustees who have partnered with Insurance Trust Monitor, Inc., for the administration and management of their ILIT accounts. We will discuss the reasons that prompted these clients to outsource their ILIT administration, other options they considered, how the partnership was introduced, what problems were encountered, and how the relationship worked out? We will present the outsourcing process; document imaging, legal review, client notification, transfer of duties, advisor impact, effect on trustee/client relationship, client perception, customized procedures, risk mitigation, and revenue projections.
Wednesday, May 23rd - 10:00a.m. CDT
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