Expert Witness in 419 Plan and other Civil Litigation
|
Frankly, not everybody does it right. Whether through ignorance or ill-intent, some folks sell insurance based programs with tax benefits, such as 419 Plans and 412(i) Plans, or promote premium financing or STOLI programs to unsuspecting consumers leaving the consumer to be eaten alive, either by the IRS or by a turn in the economy, when all goes wrong. But the opposite is also true. Some 419 Plans and 412(i) Plan are very well designed and flawlessly implemented but the IRS just shoots first and aims second. Some legitimate premium financing might miscue. Building off of David’s knowledge of life insurance and the many ways life insurance has been and can be used in tax and wealth planning, lawyers for both plaintiffs and defendants throughout the U.S. seek David’s services as a consultant and expert witness in cases between consumers and those who sold them these programs that develop after the IRS, right or wrong, initiates an audit or the investment goes under water. In looking for an expert witness examine credentials: if he or she is not a lawyer or accountant expert in this area they are not expert enough to be an expert witness no matter how good they may sound.
References from law firms across the country are available upon request. See also: 419 Plan Tax Controversies. |
Some of the Section 419 Welfare Benefit Plans:
|