For advisers like Tom Callahan, director of family wealth planning for Massachusetts-based BFA Family Offices, and Brian Sak, managing partner at Houston-based Granite Harbor Advisors, private-placement life insurance (PPLI) products are appealing for their capacity to preserve generational wealth, as the death benefit can be distributed to beneficiaries tax-free, bypassing the tax liabilities typically associated with trusts, according to a Barron’s article.
With potential changes looming, PPLI is gaining traction for estate planning, as individuals seek to leverage existing tax cuts before they potentially diminish.
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