Estate planning is a comprehensive and strategic service that empowers you to shape the legacy you leave behind, ensuring your assets are distributed according to your wishes while minimizing tax burdens. Our estate planning experts work closely with you to craft a tailored plan that safeguards your wealth, provides for your loved ones, and supports your philanthropic goals. Through meticulous analysis and legal expertise, we navigate the complexities of wills, trusts, and other instruments to create a seamless transfer of assets that reflects your values and priorities. By choosing our estate planning services, you gain the peace of mind that comes from knowing your family's financial future is secure and your lasting impact is preserved for generations to come.

Hansol uses the term “Foreign National” to refer to any individual who is not a citizen of the United States (“U.S.”) but who has significant business, family, and/or other financial ties to the U.S. These individuals can be U.S. residents or non-U.S. residents for federal income, gift, and estate tax purposes. Foreign nationals are subject to special income and transfer tax rules. Note that married couples comprised of a U.S. citizen spouse and a non-U.S. citizen spouse may also be subject to these special rules.

Premium finance is a strategy used by wealthy individuals and business owners to finance premiums for large life insurance policies. The strategy allows a high net-worth individual who has a need for permanent life insurance to use an alternative method for paying the premiums. Rather than using their current cash flow or assets to pay for those premiums, they may choose to finance them from a bank. Individuals who are well suited to the strategy understand both the power, and associated risks, of leverage.

Premium finance is very attractive for healthy insured’s between the age of 25 -55, but arrangements can be successfully designed for clients up to insurance age 70. There are many options to consider when designing and implementing a financed life insurance policy, and we appreciate the opportunity to work with you and your clients to suggest policy designs that might be suitable for financed life insurance.

Please consult your tax and/or legal advisors regarding whether this strategy is appropriate for your situation.