by Terri Getman, JD, CLU, ChFC, RICP, AEP (Distinguished) Situation: Typically, this monthly publication focuses on technical life insurance concepts. However, this month we are taking a slightly different direction to describe how a collateral assignment of a life insurance policy can be used to help secure a loan from a bank or other lender. […]
Minneapolis, MN – Diversified Brokerage Services (DBS) – September 20, 2024 Please join us in extending our best wishes to Chuck E. Anderson, Vice President of National Sales, who has announced his retirement. Chuck joined DBS in 2021 as its National Sales Director, responsible for managing the external sales team, including the alternate distribution channels […]
Minneapolis, MN – Diversified Brokerage Services, Inc. (DBS), a leading provider of insurance brokerage services, is thrilled to announce the launch of its new Annuity Division. This strategic addition is set to enhance the support provided to financial advisors and their clients, reinforcing DBS’s commitment to innovation and excellence in the life insurance industry. The […]
Situation: As we get closer to the sunset of the high estate tax exemption on 12/31/2025 a larger percentage of the inquiries I receive involve how best to prepare for the reduction of the exemption. Some of the callshave involved the application of U.S. estate tax laws to clients who are not citizens of the […]
Situation: Many people plan to pass on money and property to their loved ones after they die. However, if they have a sizable estate, they need to consider making lifetime gifts. Never has the opportunity for making lifetime gifts been so great because the amount of property sheltered from taxation is at a historic high […]
On June 20, 2024, the Supreme Court released a much-anticipated decision in Moore vs United States. The dispute was viewed by many as a pre-emptive challenge to prohibit Congress from passing a wealth tax. The specific question before the Court was whether a provision of corporate tax law passed in 2017 that taxes the undistributed […]
One of the major problems with all buy-sell agreements is finding the funds to enable the buyer to purchase the interest of a deceased owner. Life insurance is a tidy solution when it is available and affordable because: The insurance death proceeds are paid at the time when the obligation to purchase the business interest […]
Situation: One of the chief concerns for owners of a closely held business is what will happen to the business if one of the owners can no longer continue. Surviving owners generally want to ensure a continuity of ownership and management without having the departing owner’s successor thrust upon them. Disabled or deceased owners want […]
Situation: The uncertainty of the estate tax laws has created a dilemma for many taxpayers, estate planners, and insurance professionals. Should moderately high net worth couples take action today to shelter a significant amount from estate tax (under the $13.61 million exemption) by making a large gift; or should they hold off making a large […]
Situation – With the amount sheltered from estate tax (exemption) at an historic high of $13.61 million ($27.22M for a couple) many high net worth households are looking for opportunities to minimize their federal or state death tax exposure by gifting assets during their lifetime. By gifting assets when the exemption is high a high […]
Website is for agent use only. Not for use with the general public. Privacy Policy | Terms of Use
Securities offered through The Leaders Group, Inc. Member FINRA/SIPC. 26 W. Dry Creek Circle, Suite 800, Littleton, CO 80120, 303.797.9080. Diversified Brokerage Services is not affiliated with The Leaders Group, Inc.
Before investing, research the background and registration status of any firm or financial professional you are considering dealing with at: http://brokercheck.finra.org/
Designed by Apis Productions