Wednesday, December 04, 2013

Selling Life Insurance to the Extremely Rich

One of the  pleasures of retirement is not having to read Tax Court Memo Decisions any more. Yet who could resist this one, with a cast of characters ranging from Fitzgerald and Hemingway to the Koch brothers?

Michael D. Brown and Mary M. Brown v. Commissioner deals with the tax treatment of a private plane. But the context is high-end estate planning, where $300-million insurance policies are deployed to save humongous amounts of tax.


No comments: