Advanced Markets, Private Placement Life Insurance Attorney

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Hargrove Firm

WebsiteLinkedInAll Job Openings

2 - 10 employees

Founded 2011

⚖️ Legal

☁️ SaaS

Legal • SaaS

Hargrove Firm is a law firm focused on estate planning that combines traditional legal accountability with a transparent, real-time technology platform. The firm emphasizes fixed-fee pricing and nationwide availability, serving both advisors and individual clients who need estate planning services. Its website and product UI indicate an integrated client-facing platform for case visibility, scheduling, client management, and progress tracking, designed to make estate planning faster, more transparent, and predictable in price.

📋 Description

• Evaluate client suitability and economics for private placement life insurance (PPLI), modeling tax savings against charges, fees, and liquidity restrictions • Recommend and document ownership structures including individual ownership, ILITs, trusts, and business-planning arrangements • Review insurance contracts, private-placement memoranda, subscription agreements, investment-management agreements, and disclosures • Confirm life-insurance qualification, MEC testing, IRC §817(h) diversification, and investor-control compliance under IRC §§ 72, 7702, and 7702A • Address private-placement and securities issues, including accredited-investor eligibility and offering exemptions • Conduct independent diligence on carriers, policy charges, surrender provisions, mortality assumptions, investment options, and policy-held assets • Assess advisers, compensation arrangements, conflicts of interest, and exit risk • Coordinate funding and policy issuance across carriers, advisers, investment managers, trustees, CPAs, and fund managers • Establish procedures for annual reviews, premium funding, and tax reporting • Build a library of PPLI trust language, structuring templates, and diligence checklists • Train and mentor other Hargrove attorneys on PPLI concepts • Extend PPLI and advanced-markets capabilities to additional insurance-channel partnerships • Work with NetLaw and firm leadership on workflows and tools to scale planning nationally

🎯 Requirements

• J.D. from an accredited law school • Active license to practice law in at least one U.S. jurisdiction • Substantial transactional experience with PPLI • Substantial experience with federal income-tax treatment of life insurance under IRC §§ 72, 7702, 7702A, and 817(h) • Experience structuring investor-control and diversification compliance • Experience with advanced estate planning, including ILITs, dynasty trusts, premium-gifting strategies, split-dollar arrangements, and estate-liquidity planning • Familiarity with private-placement and securities issues, including accredited-investor eligibility, offering exemptions, and subscription documents • Experience executing carrier due diligence and evaluating policies and alternative investments held within policies • Ability to coordinate multidisciplinary transactions across estate-planning counsel, CPAs, investment advisers, insurance consultants, carriers, trustees, and fund managers • LL.M. in Taxation is helpful but secondary to hands-on PPLI transaction experience • Ideally a partner or senior counsel at a relevant private-client, tax, insurance-products, or wealth-planning practice, or from a carrier advanced-planning department or wirehouse wealth-strategies team