Goldenzweig Memorial Lecture: Surprising Ways Long-Term Care Coverage Can Be Used in an Estate Plan
Thank you to our meeting sponsor
Program Description and Benefits:
In anticipation of an estate tax, many individuals and married couples have put their life insurance policies in irrevocable trusts. With sky high estate tax exemptions, many are wondering whether they still “need” those trusts or policies. The short answer is, yes! These trusts can be repurposed to plan for the “what if’s” including a long-term care event.
For those whose exposure to the estate tax is more certain, self-funding long-term care can create unnecessary exposure to additional estate taxes. However, there are ways to implement more tax efficient LTC planning.
In this session attendees will explore:
- The type of long-term care products that can be used effectively in irrevocable trusts;
- The benefits of maintaining irrevocable trusts and repurposing them for the costs of long-term care; and
- How to use trust-owned long-term care coverage as part of an estate tax mitigation strategy for the high net worth.
Shawn Britt, CLU®, CLTC®, Director, Long-Term Care Initiatives, has been engaged in the life insurance and long-term care industry since 1995. She joined Nationwide in 2000 and has been a member of the advanced sales team since 2005. She has been a major influence in the development and promotion of Nationwide’s suite of long-term care product solutions. Ms. Britt is a frequently published author of white papers and articles on long-term care for Nationwide as well as the insurance industry. She has been widely published and interviewed regarding long-term care for numerous trade publications and nationwide media that include the CLTC Quarterly Digest, The National Underwriter, Financial Advisor, Center for Long-Term Care Reform, The Wall Street Journal, CBS New Money Watch, Market Watch Radio and LifeHealthPro. Ms. Britt is a frequent presenter and key-note speaker at numerous industry events and conferences. She has served on the Board of Advisors for CLTC and currently serves as a CLTC contributor. Shawn also served for several years as an adjunct professor at The Ohio State University and has been recognized as an alumnus of the month by the American College.
Allison Hoyt, JD, CLU®, Technical Director, Advanced Consulting Group, joined Nationwide’s Advanced Consulting Group in 2018 after six years with the advanced sales team at a mutual life insurance company in New York City. She helps position life insurance in the financial plans of individuals, businesses, and charitable organizations and has a particular interest in split dollar life insurance, business succession planning, income tax and transfer tax mitigation strategies and student loan debt management. She is a Past-President of the New York City Chapter of the Society of Financial Service Professionals (FSP) and was elected to the Board of Directors of the Society of FSP (national organization). Ms. Hoyt has been published in Trusts & Estates and the Journal of Financial Service Professionals. She earned her Juris Doctor from St. John’s University School of Law, Master’s degree from SUNY Stony Brook, and bachelor’s degree from Long Island University’s Southampton Campus. She holds the Chartered Life Underwriter designation (CLU) from the American College and earned the Trusts & Estates Practitioner designation (TEP) from the Society of Trusts & Estates Practitioners.
A former NCAA Division II college athlete (volleyball and softball), Allison now enjoys playing competitive beach volleyball. She lives in downtown Columbus, Ohio.
- Fees: No cost for active members; $25 for guests and emeritus members
- Connection and zoom registration details will be emailed to registrants on Friday, November 13.
- Participant video and audio will be muted during the presentation.
- Feel free to have your favorite 5 pm beverage of choice on-hand during the presentation.
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