Thank you to our members for your time and insights on these podcast episodes! Part 1: Jay Cavanagh, NFP Minnesota, discusses a Survivor Lifetime Access Trust (SLAT) that was meant to hold premium financed life insurance. Jay talks about:

• How premium financing was the right solution to fund the policy and the assets transferred to the trust to support the financing.

• What happens when a client changes his mind at the last minute, especially when the new recipient trust does not have enough assets.

Part 2: Vijay Krishnaswamy, Evergreen Wealth, focuses on the business owner client who often has a high net worth without a lot of liquidity. Vijay walks us through a case in which:

• The client needed life insurance coverage because of his lack of liquidity but didn’t have sufficient liquidity to cover the insurance premiums.

• The use of the client’s large 401(k) to hold and fund the life insurance to provide the estate liquidity that the client needed.