IRS Rules on Tax Aspects of Buying, Selling Life Insurance Policies

IRS Rules on Tax Aspects of Buying, Selling Life Insurance Policies
Robert H. Louis, Author
The Legal Intelligencer

Robert H. Louis, Partner and Co-Chair of the Personal Wealth, Estates and Trusts Practice Group, wrote this article about the history of life insurance policies, when they are no longer necessary and the recent practice of selling life insurance policies to a third party.

The article also covers two recent IRS rulings regarding the sale and purchase of life insurance policies that describe the income tax consequences to the sellers and purchasers of policies.