Method and apparatus for establishing and administering a wealth transfer plan

摘要

A system and method for the efficient transfer of wealth is disclosed. The system comprises a transferor having wealth and a transferee intended to be the recipient of transferred wealth. The transferee may be a trust. An insurance policy purchased by the transferee is subject to a split-dollar agreement by which the death benefit of the policy is assigned to a the transferor in exchange for payment of at least the death-benefit portion of the premiums. When sufficient premiums have been paid to effectuate the policy for the life of the insured, the split-dollar agreement may be canceled, reverting full ownership in the policy to the transferee.