Split Dollar Buy Sell Agreement

Cahill`s estate could be seen as a case of bad facts, since Patrick Cahill, the deceased`s lawyer, essentially caused the creation of the MB Trust and the implementation of split-dollar life insurance agreements within one year from the date of death of the deceased. In Estate of Cahill2, the Finanzgericht held that the cash surrender value of a variable rate life insurance agreement was included in the deceased`s estate. If Greg has not been able to fulfill the terms of the purchase-sale agreement, maintaining the life insurance policy through the sale to Ron or ILIT ensures that Ron`s heirs will be taken care of regardless of the deal agreement. .