Triangulation: Integrating Life Insurance into the Estate and Investment Plans
We are pleased to announce that Thomas J. Pauloski, a National Managing Director in the Wealth Management Group of Bernstein Global Wealth Management, will be our guest speaker on the subject of “Triangulation: Integrating Life Insurance into the Estate and Investment Plans” at our May 11th Annual Meeting and Dinner Program at the Innis Arden Golf Club, in Old Greenwich. Cash bar and cocktails will begin at 5:45 p.m., followed by dinner promptly at 6:30 p.m., speaker at 7:30 p.m., and we anticipate an end to the meeting between 8:30 p.m. and 8:45 p.m.
The American Taxpayer Relief Act of 2012 (ATRA) changed the face of estate planning by making “permanent” an inflation-indexed transfer tax exclusion that is now $5.43 million and growing. As a result, many clients now believe that they have too much life insurance. Should they cash in those policies? Tom Pauloski, National Managing Director of Bernstein’s Wealth Planning and Analysis Group, and a former insurance executive and estate planning attorney, will discuss why, in many cases, existing life insurance should be retained or repurposed, rather than cashed in. Bernstein’s most recent research suggests that life insurance is capable of producing superior risk-adjusted, after-tax returns when used in conjunction with a diversified investment portfolio. Interestingly, Bernstein does not sell or market life insurance products, so our advice in this area is, we believe, unconflicted. Tom will use Bernstein’s proprietary wealth forecasting model and the case study method to advance the argument that professional advisors need to think differently about life insurance in the wake of ATRA. Please plan to join us to hear Tom’s unusual take on this important topic.
Thomas J. Pauloski, National Managing Director of the Wealth Planning and Analysis Group, works with private clients and their advisors on wealth transfer strategies, focusing on tax-efficient wealth management and asset allocation decisions. Tom was appointed a National Managing Director in 2009. Prior to joining the firm in 2005, he was a partner in the trusts and estates department at Winston & Strawn LLP in Chicago. He is on the faculty of the American Bankers Association National Trust and National Graduate Trust schools; he has also been an adjunct professor at Loyola University Chicago School of Law and has taught estate planning classes at Northwestern University Law School. Tom earned a BS in environmental engineering from Northwestern University and a JD, magna cum laude, from Loyola University Chicago, where he served as editor-in-chief of the Loyola Law Journal. He retired as a commander from the US Naval Reserve in 2003, with 21 years of combined active duty and reserve service.
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