Even individuals with modest estates purchase life insurance which means that Estate Planning attorneys must understand the rules regarding taxation of life insurance. Retention of certain powers or certain transactions could cause negative income, gift, or estate tax consequences. Read on to learn more.
Michael J. O’Brien is a practicing attorney and a founding partner of Cleveland-based The O’Brien Law Firm LLC. Mr. O’Brien’s firm emphasizes estate and trust planning and administration, probate, corporate planning, family business, family limited partnership and charitable trust and private family foundation planning Read More!
Latest posts by Michael O'Brien (see all)
- When the Beneficiary Is the Defendant: Slayer Statutes and Estate Planning - September 25, 2026
- That Would Never Happen: The Most Dangerous Words in Estate Planning - May 5, 2026
- IRS Warning: The 2026 Dirty Dozen Tax Scams - April 21, 2026
