Making the most--and avoiding the worst--of what life insurance has to offer your client.

Renowned tax planners and authors, Howard M. Zaritsky, editor of Probate Practice Reporter, and Stephan R. Leimberg, JD, examine the strengths and expose the limitations of various life insurance policies as they affect estate and business planning.

Tax Planning with Life Insurance: Analysis with Forms provides the most comprehensive and practical guidance available on life insurance tax planning.

Through the authors' step-by-step analysis you will discover new ideas and planning strategies for using life insurance to accumulate tax-sheltered wealth and to transfer wealth free of estate, gift, and generation-skipping taxes. Among its many planning topics, Tax Planning with Life Insurance includes answers to questions concerning: income tax rules; accounting issues involving life insurance; income tax definition of life insurance; using life insurance in both revocable and irrevocable trusts; creative uses of life insurance for charitable giving; and corporate and partnership uses of life insurance. This treatise provides a comprehensive examination and explanation of all major types of life insurance policies. It also includes charts, checklists, examples and dozens of sample documents and forms.