“New Tax Law Enhances Life Settlements Market,” by Robin S. Weinberger and Peter N. Katz, ThinkAdvisor

“The new tax law, the Tax Cuts and Job Act of 2017 (TCJA), contains two provisions that provide a boost to life settlements, which should spur added growth of the life settlement market. First, the law makes the tax treatment of a life settlement to the seller more favorable and, second, the increased estate tax exemption could make some policies, which were purchased for estate tax purposes, unnecessary and, therefore, candidates for a life settlement. It took more than eight years, but the IRS’s poorly reasoned and unworkable ruling on the taxation of life settlements to policy sellers has been retroactively overturned by TCJA.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Very interesting turn of events.

New Tax Law Enhances Life Settlements Market

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#goldencareagent