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419(e) Welfare Benefit Trusts
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In October 2007, the IRS warned consumers all over the country, such as you, of the dangers and pitfalls of 419(e) plans. We believe that CPAs, financial advisors and life insurance companies should not be selling 419(e) plans to most consumers. Further, the CPAs, financial advisors and life insurance companies have not disclosed important damaging information about these 419(e) plans.
Evaluating Your 419(e) Plans
Makarem & Associates can direct you to a specialist who can evaluate your existing 419(e) welfare benefit trusts. You may need advice and guidance if you are audited by the IRS. You will be offered guidance and suggestions for remediating your plan. In some cases, your 419(e) plan can be rescued.
Abusive 419(e) Plans
Some allegedly abusive 419(e) Plans have been sold by promoters, advisors and life insurance companies. Makarem & Associates prosecutes those individuals and companies for fraud, breach of fiduciary duty or negligence.
Most of the existing 419(e) and 419A(f)(6) welfare benefit plans do not comply with the rules relative to transfers of insurance policies or cash payments other than upon death. There may be substantial penalties associated with your 419(e) plan.
For a free consultation contact Ron Makarem at (310) 312-0299 or email at
makarem@law-rm.com. |
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