Law Office of Thomas J. Swenson
U.S. and International Wealth Building and Wealth Preservation
Legal and U.S. Tax-Law Compliant

DYNASTY TRUSTSCAPTIVE INSURANCE COMPANIESESTATE PLANNINGELDER LAW

OFFSHORE ASSET PROTECTIONINTERNATIONAL LLCsPRIVATE PLACEMENT LIFE INSURANCEMEDICAID TRUSTS

INTELLECTUAL PROPERTYSMALL BUSINESS START-UPS

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  • KEEP YOUR WEALTH: TAX-EFFICIENT WEALTH BUILDING AND ASSET PROTECTION

    An irrevocable life insurance trust (ILIT) is a 100% tax-efficient structure that builds and preserves wealth, while eliminating all taxes legally.  In addition to providing a life insurance benefit, private placement life insurance (PPLI) enables tax-free investment growth and tax-free family wealth transfer in complete compliance with U.S. tax law.  When PPLI is owned by an ILIT (or dynasty trust), PPLI policy proceeds are paid free of estate and GST taxes upon death of the insured.  To protect your business and build wealth, click CAPTIVE INSURANCE on the menu bar above.

  • LIFE INSURANCE POLICY PROTECTION

    Private placement life insurance (PPLI) allows tax-free investment growth in separate  policy accounts, especially investment portfolios holding hedge funds or other short-term high-return investments. Because assets in PPLI are in separate accounts, they are protected against insolvency of the insurance company.  When an irrevocable life insurance trust owns the policy, the policy and its proceeds are protected against unforeseen future creditors of the insured and beneficiaries.  Foreign PPLI typically has a minimum premium commitment of $1 million.

  • ENHANCED GROWTH AND PROTECTION OFFSHORE

    Captive insurance companies, life insurance and deferred variable annuity (DVA) policies in Liechtenstein, the Bahamas, and other offshore jurisdictions can be designed for full compliance with U.S. tax laws to maximize tax saving and investment growth. Offshore vehicles generally have greater funding and investing flexibility than US-based counterparts. Fees and minimum premium commitments are less than in the US. Asset protection is stronger, especially when an offshore trust owns the asset.  Offshore structures combine benefits of legal tax shelters with enhanced protection and growth.

  • WEALTH ACCUMULATION AND TRANSFER

    Allocation of exemptions for gift and estate tax and generation-skipping transfer tax (GSTT) to an irrevocable life insurance dynasty trust makes it possible to avoid income, capital gains, gift and estate taxes perpetually.  With gift and GST tax exclusions currently set at $5+ million, now is the time to fund a dynasty trust.  Ownership of a captive insurance company (CIC) by a dynasty trust protects the CIC and provides efficient generational wealth transfer.  Tax shelters and dynasty trusts can be combined to achieve tax-efficient accumulation, preservation and transfer of wealth.

The Law Office of Thomas J. Swenson provides custom legal services for tax-efficient wealth building and wealth preservation, domestic and international asset protection, estate planning, business planning and intellectual property law.  Clients benefit from careful attention to their legal, business and financial matters.

Knowledge of domestic and offshore trusts and business entities (e.g., LLCs), U.S. tax laws and tax-efficient investments enables innovative crafting of integrated wealth building and wealth preservation structures.  For example, in full compliance with U.S. tax law, an international ILIT (irrevocable life insurance trust) holding private placement life insurance (PPLI) provides a life insurance benefit, offshore asset protection, tax free investment growth, tax free policy withdrawals and loans, and generational wealth transfer free of income, estate and generation skipping transfer (GST) taxes.  With individual lifetime gift tax and GST tax exclusions currently set at $5+ million, now is the time to fund an ILIT dynasty trust.  For U.S. business owners, a section 831(b) “captive insurance company” improves business insurance coverage, as well as providing valuable asset protection and substantial tax savings.  An international LLC can provide asset protection like an irrevocable trust, but at a fraction of the cost and without being irrevocable.  Transfers of assets into domestic or offshore structures can protect businesses and family wealth against unjust court judgments.

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Except as may be specifically described in a fully-executed client engagement letter, Thomas J. Swenson is not your attorney and you will not rely upon him for any advice, counsel or suggestions.
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