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Jon Steffensen to Present on Irrevocable Life Insurance Trusts

McLane Middleton attorney Jon E. Steffensen will be presenting on “ILITs: Wealth Reduction or Replacement Irrevocable Life Insurance Trusts” on December 9, 2019 in Boston as part of MCLE New England’s ongoing “60 Minute Lawyer” series.

This fast-moving presentation provides attendees with a clear and concise summary of how an Irrevocable Life Insurance Trust (ILIT) must be structured to obtain the desired estate tax sheltered treatment; how best to orchestrate an ILIT ending up holding title to a life policy; how ongoing premium payments necessary to maintain a subject life policy in full force and effect can be implemented without any adverse tax consequences for the insured or for a beneficiary under the trust; and how an ILIT may be structured so that the death benefits under a subject life policy (cash) may ultimately reside with the estate of the trust donor where there are cash needs to be fulfilled, with illiquid estate assets ending up in the ILIT in the wake of the donor/insured’s death.

Jon has over 45 years of experience in estate planning, estate and trust administration, fiduciary counseling and charitable gift planning.  He can be reached in the firm’s Boston office at (617) 523-7935 or [email protected].

For additional information on this program, click here.

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At McLane Middleton we establish and maintain long-standing relationships with our clients to help us better achieve their unique goals over time. This approach to building trust requires that our esteemed lawyers and professionals use their broad, in-depth knowledge and work together with integrity to ascertain sound resolutions to legal matters for their clients.

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McLane Middleton is made up of more than 105 attorneys who represent a broad range of clients throughout the region, delivering customized solutions. As a firm we are recognized as having the highest legal ability rating. The firm is rated Preeminent by Martindale Hubbell and is recognized as one of the nation's leading law firms in Chambers USA. Our attorneys are distinguished leaders in their respective practice areas.

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McLane Middleton's versatile group of attorneys and paralegals become trusted authorities on each case through collaboration. We work with our clients to learn their individual needs first and foremost and, together, we develop comprehensive solutions to their specific legal matters. This approach helps us exceed our clients' expectations efficiently and effectively, client by client, case by case.

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McLane Middleton was established in 1919 in New Hampshire, and has five offices across two states. However, deep historical roots don't allow you to become innate. Our firm is organized, technological, and knowledgeable. Our history means we are recognized. But our reputation is built on the highest quality of service and experience in very specific areas of law.

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Our team continuously seeks opportunities to enhance their professional development and put key learnings to action. The pursuit of further insight guides us to volunteer service opportunities, speaking engagements, and teaching roles. Our lawyers are sought after thought leaders across their industries, and recipients of leadership awards throughout the region.