This article reprint was published in a May 2016 issue of Bloomberg BNA’s Tax Management MemorandumTM .

  • An overview of managing trust-owned life insurance policies and fulfilling fiduciary obligations.
  • How the Prudent Investor Rule applies in the insurance context.
  • Why key to minimizing fiduciary risk is carefully complying with fiduciary obligations in a manner that is well-documented.

This article is for general information only and is not intended as an offer or solicitation for the sale of any financial product, service or other professional advice. Professional advice always requires consideration of individual circumstances. IRS Circular 230 disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that, while this presentation is not intended to provide tax advice, in the event that any information contained in this presentation is construed to be tax advice, the information was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax related penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any matters addressed herein. 

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