Lawmakers and the Administration finally agree on financial services reform
Article Abstract:
The author discusses federal legislation enacted in late 1999 which significantly impacts the financial services industry by allowing greater market infiltrations and flexible organizational structures.
Publication Name: Estate Planning
Subject: Law
ISSN: 0094-1794
Year: 2000
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Viatical settlements: new opportunities for wealthy individuals and business owners
Article Abstract:
The favorable tax treatment of life insurance on terminally or chronically ill persons provides new tax and estate planning opportunities for third-parties purchasing such policies through viatical settlement companies. The Health Insurance Portability and Accountability Act of 1996 provides for gross income exclusion of the proceeds for those holding specified viatical settlement policies. Look-alike policies which do not meet the statutory criteria for favorable tax treatment could still be of planning use for some.
Publication Name: Estate Planning
Subject: Law
ISSN: 0094-1794
Year: 1999
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Long-term care insurance policies require a closer look in 1999
Article Abstract:
Changes in long-term care insurance policies that took place between 1991 and 1999 are examined. Topics include the impact of the Health Insurance Portability and Accountability Act of 1996 on LTC insurance, partnership policies available in some states, and the need for LTC insurance.
Publication Name: Estate Planning
Subject: Law
ISSN: 0094-1794
Year: 1999
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