MPI Case Alert: Cahill & Morrissette

MPI Case Alert: Cahill & Morrissette

Developments in the Cahill and Morrissette cases in June 2018 are expected to have significant ramifications on the structuring of split-dollar life insurance arrangements and may also have broader implications on intergenerational wealth planning and family entity structuring.  The broader impact is borne out of the tax court’s use of Internal Revenue Code Sections 2036(a)(1) and 2038(a)(2) to pull previously gifted assets back into the decedent’s gross estate for estate tax purposes.

Please click here to review in more detail and download a copy of the MPI Case Alert.

 

About MPI

MPI, a prestigious national consulting firm founded in 1939, specializes in business valuation, forensic accounting, litigation support and corporate advisory work. MPI provides fairness opinions, sell-side and buy-side advisory services through its investment banking affiliate MPI Securities, Inc. MPI conducts every project as if it is going to face the highest level of scrutiny, and its senior professionals have extensive experience presenting and defending work product in front of financial statement auditors, management teams, corporate boards and fiduciaries, the IRS, other government agencies, and in various courts.