Main Libraries

Federal Income Taxation

Sources of the FEDERAL TAX Law, Federal Income Tax: General Law, The Internal Revenue Code, Revenue Rulings and Other IRS Materials...

Life Insurance

Selected Laws Affecting Insurance, Federal Income Taxation of Life Insurance & Annuities: Personal, Community Property Rights in Life Insurance...


Taxation of Life Insurance, 1035 Exchanges, Gain or Loss on Surrender or Sale, Transfer For Value Rule, UL and VUL, Taxation of Annuities...

Split Dollar Insurance

A form of executive compensation that has been popular for many years is “split dollar” insurance...

Group Life and Health Insurance

Goverment Non-tax requirements, Taxation, Group Survivors’ income benefit insurance, Welfare benefit funds, Health Reimbursement Arrangements...

Stocks and Other Investments

Introduction: Taxation of Investments, Introduction to Stocks, Dividends, Stripped Preferred Stock, Other Investment Vehicles...


Introduction to Bonds, Treasury and Corporate Notes and Bonds, Convertible Bonds, Stripped Bonds and Coupons, Zero Coupon Bonds and Original Issue Discount...

Real Estate

Joint Tenancy and Tenancy in Common, Tenancy by the Entirety, Community Property, UNIFORM MARITAL PROPERTY ACT,Overview of Real Estate Investments...

Employee Benefits

Benefits Today, The Compensation Package, Cafeteria Plans, Fringe Benefits, Educational Assistance Programs, Educational Assistance Programs...

Executive Compensation

Effective Executive Comopensation, Property Transferred as Compensation, Golden Parachutes,Below Market Loans: Compensation-related...

Pension and Profit Sharing

Introduction, Types of Qualified Plans, Qualification Rules, Funding & Deductions, Plan Design, Fiduciaries and Plan Investments, Plan Termination...

Deferred Compensation - Taxation

Goverment Non-Tax Requirements, Tax Aspects, Death Benefit Only Deferred Compensation, Planning a Deferred Compensation Agreement...

Individual Retirement

Introduction, Erisa Provisions, Plan Requirements, Income Taxation,ROTH IRAs, EDUCATION IRAs...

Federal Estate Tax

Federal Estate Tax – General, Life Insurance/Health Insurance/Annuities: Personal Insurance, The Federal Estate Tax Deductions and Credits...

Estate Planning

Planning Techniques, Lifetime Giving, Wills & Trusts, Intestacy, Uses of Life Insurance, Gifts to Minors, Charitable Giving, Community Property...

Business Entities

Proprietorships, Partnerships, LLCs & Corporations, Buy-Sell Agreements, Partnership & Corporate Taxation, Family Limited Partnerships...

Gift and GST Taxes

The Federal Estate & Gift Tax, The Generation Skipping Tax, GST-Exempt ILITs, State Death Taxes...

Lifetime Gifts

Gifts to Minors, Charitable Giving, Crummey Powers, Gifts of Life Insurance...

Qualified Retirement Plans

Defined Contribution and Defined Benefit Plans, Profit Sharing and 401(k) Plans, ESOPs, Qualification Requirements, Tax Rules...

Investment Planning

Types of Investment Vehicles, Taxation of Investments, Investment Strategies...

Financial Planning

Financial Planning Concepts, Financial Planning for Special Circumstances...

AUS Special Reports

Topics of special interest to financial advisors.

State Law Digests

Covering Wills, Trusts, Intestacy, Insurable Interest,Insurance Exemption Laws..

Case Studies

How Would You Advise?

Tables and Inflation Adjusted Amounts

Tax COLAs, Qualified Plans, IRAs, 7520 rate

Specimen Forms

Various Planning Scenerios...

View All Main Libraries

A complete listing of all Main Libraries.

Topical Index

Index of General Subject Areas.

Advisor's Journal

The Split-Dollar Triple Tax Savings Package
By Robert Bloink, Esq. and William H. Byrnes, Esq.
Clients looking to wrap up a complete package of tax savings as the year draws to a close may be pleasantly surprised by a split-dollar lending strategy that takes advantage of both the tax preferences afforded to life insurance and today’s low interest rate environment.
The Tax Trap of Year-End Qualified Plan Distributions
By Robert Bloink and William H. Byrnes
Summary: For those clients who are eligible to take lump sum distributions from their qualified retirement plans, often overlooked considerations must be taken into account in order to take full advantage of the potential tax savings that can be realized if retirement plan assets include appreciated company stock.
IUL Is Trending
By Robert Bloink, Esq. and William H. Byrnes, Esq.
Recent surveys show that sales of indexed universal life insurance products are trending right now, and while client interest in using indexed universal life as a retirement income source is stronger than ever; heightened regulatory scrutiny is similarly on the rise.
Court Steps in to Block Restrictive State Medicaid Annuity Practices
By Robert Bloink, Esq. and William H. Byrnes, Esq.
A federal court recently stepped in to issue an injunction against the program that implements Ohio’s Medicaid policies.
Correcting the Great 529 Plan Mistake—Penalty-Free
By Robert Bloink, Esq. and William H. Byrnes, Esq.
While helping a client escape from an unsatisfactory 529 plan can prove tricky, it is by no means impossible.
Sequencing for Success: How to Maximize Post-Retirement Income
By Robert Bloink, Esq. and William H. Byrnes, Esq.
Proper sequencing of withdrawals from taxable accounts, tax-deferred accounts (IRAs and 401(k)s) and Roth accounts can make or break a client’s retirement income plan.
Are Deferred Annuities Becoming the Default 401(k) Investment?
By Robert Bloink, Esq. and William H. Byrnes, Esq.
The IRS has cleared the path for 401(k) sponsors who wish to expand clients’ use of longevity insurance within 401(k)s.
Annuities, Insurance, Investments: A Triple Crown Retirement Income Strategy
By Robert Bloink and William H. Byrnes
New research has recently been released to provide an in-depth study of the projected financial results of various combination strategies involving annuities, life insurance and traditional investments-based retirement accounts—and the winning combination, which provides clients with both secure income and options at various stages of life, might surprise many advisors.
Exemptions Provide Key to Unlocking DOL Fiduciary Rules
By Robert Bloink and William H. Byrnes
The Department of Labor (DOL) fiduciary proposal is in the minds of many financial advisors’ -the switch from the broadly applicable suitability standard to a best interests fiduciary standard. Understanding the exemptions to these rules, however, can be as important to the advisor’s practice as the rules themselves.
Now Trending in LTC: Combination Annuity-LTC Sales Soar
By Robert Bloink and William H. Byrnes
While the costs of traditional long-term care (LTC) insurance have skyrocketed to prohibitive levels, a new superstar LTC product has emerged—sales of combination annuity-LTC contracts. This product combines the power of a tax-preferred retirement income-planning tool with appealing LTC features and is likely to remain a hit among clients for years to come.
The New Fixed Income Playbook: Lock in Gains with Modern FIAs
By Robert Bloink and William H. Byrnes
Advisors and clients continue to search for retirement income alternatives, one bright star has emerged: the fixed indexed annuity (FIA). The FIA’s assent is largely due to the fact that objections to fixed annuity products have been overcome by development of a new set of indexed annuity features that provide a powerful fixed income alternative.
Pitfall of 70½, Maximizing IRA Value at 69
By Robert Bloink and William H. Byrnes
Almost any IRA owner will tell you that the year in which he or she turns 70 ½ is the most critical year of the IRA lifecycle but in reality it is actions taken in the year prior to 70 ½ that are much more important.
The Cadillac of Taxes: Not Just For Luxury Health Savings Vehicles
By Robert Bloink and William H. Byrnes
The date for the Affordable Care Act’s “Cadillac tax” on high cost health coverage is over two years away, but planning should start now. The penalty is steep, and the types of benefits that are counted may be surprising—two factors that highlight the importance of planning to minimize the impact.
Avoid an Income-Based Chain Reaction to Reduced Social Security Benefits
By Robert Bloink and William H. Byrnes
Clients who have already retired rely upon the predictable receipt of a monthly Social Security benefit—and a reduction in the amount of that check can cause major planning issues. The situation is not uncommon, as unplanned increases in income can cause clients to be pushed into the realm of the Medicare income-based surcharge.
Preserving Appreciated Value: Rethink Clients’ GRAT Asset Allocations
By Robert Bloink and William H. Byrnes
It’s a common scenario—a client adopts a planning strategy designed to protect assets and then conditions change. Many clients who established grantor retained annuity trusts (GRATs) are now experiencing seller’s remorse—especially those clients who funded a GRAT with appreciating stock.
HDHPs Unlock HSA Strategy for Older Clients
By Robert Bloink and William H. Byrnes
As the workforce ages, more clients approaching retirement age may see their health coverage change to include HDHPs. While some might view this change as a negative development, in reality, this evolving system can open the door to powerful planning strategies when combining HDHPs with health savings accounts (HSAs).
Removing the Roth IRA Contribution Limit Roadblock with 401(k) Dollars
By Robert Bloink and William H. Byrnes
Generating after-tax income can be key to developing a well-balanced retirement income plan—but for clients who have delayed saving or wish to accumulate a substantial Roth nest egg, the annual contribution limits can present a roadblock. A 401(K) plan can be used to create a short cut for funding a Roth IRA.
More Than An Ocean View: Ten Tax-Friendly States for Retirees
By Robert Bloink and William H. Byrnes
Client goals are different when it comes to choosing where to retire. From a tax perspective, there are clear winners that can allow a client to maximize retirement savings. Following is a list of ten of the top states for retirees, from a tax perspective.
Turning a Retirement Planning Burden into Tax Savings for Small Businesses
By Robert Bloink and William H. Byrnes
For many clients, retirement income planning is as simple as determining how to maximize contributions to an employer-sponsored retirement savings plan. Small business clients have different issues facing them. Most of these clients know of various retirement plan options, but may not know of the valuable tax credit that can help them get started.
All Eyes on Fiduciary v. Suitability Debate for 401(k) Advisors
By Robert Bloink and William H. Byrnes
The fiduciary vs. suitability debate is not new, but President Obama’s decision to push for the implementation of a fiduciary standard for retirement account advisors at a time when the issue is pending before the Supreme Court has given proponents of the fiduciary standard a potentially game-changing boost.
Annuitizing the Inheritance: Tips and Tricks to Get it Right
By Robert Bloink and William H. Byrnes
Constructing a plan to transfer wealth to the next generation is a difficult task. Once the client decides who should inherit assets, the more complex question of how that beneficiary should inherit becomes the issue. Many clients wish to protect their heirs by providing structure to the way their assets are inherited. One commonly used tool can provide the solution: the annuity.
QLACs Change the Game in Social Security Timing
By Robert Bloink and William H. Byrnes
Qualified longevity annuity contracts (QLACs) have been around for three years, but only recently have carriers begun to offer these products. The purpose behind the QLAC is simple—providing income late in a client’s life—in reality, this new planning vehicle can reshape the client’s entire retirement income planning strategy.
Retirement Roundup: 5 Hot Topics for 2015
By Robert Bloink and William H. Byrnes
The rules have changed for maximizing tax-preferred account options, planning for increased longevity or using their retirement accounts for estate planning. Here are some of the top retirement planning trends that your clients need to be aware of in order to maximize their retirement account values in 2015.
Flex-Pay Options Create DIA Appeal for Younger Generations
By Robert Bloink and William H. Byrnes
DIAs today can provide protection against longevity risk through guaranteed income products that have previously been unattractive to the younger client—opening up this retirement savings avenue for an entirely new group of clients
A Perfect Pair: New Roth 401(k) Rollovers Maximize After-Tax Contribution Value
By Robert Bloink and William H. Byrnes
The increasingly widespread availability of in-plan Roth 401(k) rollovers, however, has changed the retirement income planning landscape, creating new opportunities for higher income clients who wish to truly maximize their 401(k) contributions using after-tax dollars
Spotlight on Sequence of Return Risk
By Robert Bloink and William H. Byrnes
Considerations underlying a client’s accumulation of assets during working years traditionally take center stage. Equally important are the issues that a client will face regarding investment decisions once he or she has reached retirement age— these concerns are often overlooked when determining how best to structure the client’s retirement assets.
The Tax Extender Waiting Game Is Over
By Robert Bloink, Esq. and William H. Byrnes, Esq.
The 2014 tax year is drawing to a close, but many clients are still playing catch-up with respect to the tax extender provisions that Congress has only recently made retroactively relevant for 2014. The rebounding economy created uncertainty as to whether history would repeat itself late in 2014.
New ABLE Act Opens Door to Tax-Preferred Savings
By Robert Bloink, Esq. and William H. Byrnes, Esq.
As 2014 drew to a close, Congress, as expected, took steps to retroactively extend a variety of temporary tax provisions, but what was perhaps unexpected was the section that was attached to this bill to create an entirely new tax-preferred savings vehicle.

Practice Aids

Buy Sell Agreements
Stock Redemption and Cross Purchase Agreements, Family Attribution, Business Succession Planning...
Estate Planning
Wills, Trusts, Joint Tenancy, Tenancy in Common, POD accounts, Custodial Accounts, Intestate Succession...
Business Life Insurance
Key Person Insurance, Executive Bonus, Deferred Compensation, Rabbi Trusts, Secular Trusts, Split-Dollar, ...
Retirement Planning
IRAs, SEPs, 401(k)s, Qualified Retirement Plans, ESOPs, Rollovers, Life Insurance in Qualified Plans...
Financial Planning
Disability Income Insurance, Long Term Care Insurance, Health Insurance, 529 Plans, Taxation of Investments...
Employee Benefits
Group Term Life Insurance, COBRA, Cafeteria Plans, Flexible Spending Accounts, Health Savings Account...

Selected Highlights

Estate shrinkage is closely related to estate liquidity—or lack of liquidity. A certain amount of liquidity is needed to meet estate settlement costs that cause the shrinkage.
Under common law minors cannot own property in their own names. This does not mean that a minor cannot inherit an IRA or be designated as the beneficiary of an IRA; it means that their are special considerations.
Powers of appointment are a valuable tool in estate plans, because they allow for future flexibility in the ultimate disposition of the donors property which is placed in a trust.
For wealthier and more sophisticated investors 529 Plans may not be the best option to financially prepare for college.
A substantial portion of the wealth possessed by Americans today consists of IRAs, 401(k)s and 403(b)s. This article covers all the distribution rules and all aspects of trusts as beneficiaries of tax deferred retirement accounts including sample forms.
Certain high income clients who have not previously made deductible IRA contributions ought consider opening a traditional IRA this year and contributing the largest allowable nondeductible contribution they can manage.
The will approach is based upon one of two major assumptions. At the time of the interview, either the prospect has a will or doesn`t - there`s no middle ground.
Significant tax advantages can be achieved by widows and widowers who are beneficiaries of credit shelter trusts (established upon the deaths of their respective spouses), through the purchase...

Tax Facts


Estate Tax, Generation-Skipping Transfer Tax, Gift Tax, Valuation


Exchange-Traded Funds (ETFs), Hedge Funds, Mutual Funds, Real Estate Investment Trusts (REITs), Unit Trusts


Amounts Not Received as an Annuity, Amounts Received as an Annuity: Fixed Annuities, Annuity Rules: Variable Annuities, Charitable Gift Annuity, Death, Disposition, Divorce, Estate Tax, Gifts and Charitable Gifts, In General, Loss, Private Annuity, Structured Settlements, Taxation, Withholding


Bond Premium, Corporate Bonds, Inflation-Indexed Bonds, Market Discount, Municipal Bonds, Original Issue Discount, Other Issues Affecting Bonds, Short-Term Taxable Obligations (Maturities One Year or Less), Treasury Bonds and Notes


Accumulated Earnings Tax, Alternative Minimum Tax, Death Proceeds of Business Life Insurance, Estate Tax Issues, Gift Tax Issues, Premiums, S Corporations, Sale or Liquidation of Partnership Interest, Stock Purchase Agreement, Transfer of Policy








Funded Deferred Compensation (Annuities and Trusts), Unfunded Deferred Compensation



New Disclosure Regulations for Retirement Plan Service Providers





Corporations And Other Business Entities, General Rules



Abbreviations, About Summit Business Media, About the Editors, Introduction



Death Benefits, Group Permanent Insurance, Group Survivor Income Benefit, Group Term Life Insurance, Retired Lives Reserves


Employer-Provided Health Insurance, Health and Medical Savings Accounts, Health Insurance And The Estate Tax, Health Insurance And The Gift Tax, The New Health Care Reform Law


Distributions, Early Distributions, Eligibility, Employer-Sponsored IRAs, Estate Tax Issues, Filing Requirements, In General, Required Minimum Distributions, Simple IRA, Simplified Employee Pension (SEP)




Cash Value Increases, Collection of Delinquent Income Taxes from Life Insurance, Creditor Insurance, Death Proceeds, Demutualization, Disability Provisions Under Life Policies, Divorce, Gift Tax Issues, Gifts and Charitable Gifts, Government Life Insurance, Life Insurance Trusts, Life Insurance: Estate Tax Issues, Living Proceeds, Policies Insuring More Than One Life, Premiums, Single Premium Whole Life Insurance Policy, Taxation Of Distribution of Life Insurance Contract, Value of Unmatured Policy




In General, Non-Qualified Long-Term Care Insurance Contract, Premiums, Reporting Requirements, Taxation of Benefits




Insurance & Employee Benefits, Investments


Employer Deduction, Plan Types And Features, Qualification, Qualified Plans And The Estate Tax, Taxation of Distributions








Dividends, Sale or Exchange, Stock Options, Stock Warrants, Worthless Securities



Amounts Received Under the Plan, Changing Issuers, Contract Requirements, Contributions, Distributions, Excise Taxes, Plan Termination, Social Security and Withholding Taxes