What legal steps are required to fund a life insurance trust with an existing term policy without triggering a taxable event for my corporation?
Download run
Fan-out diagram
The searches the AI actually ran for this prompt.
SEED QUERY
What legal steps are required to fund a life insurance trust with an existing term policy without triggering a taxable event for my corporation?
3 real searches · 1 real-search pass
IRS life insurance transfer for value rule section 101(a)(2) transfer to grantor trust Rev Rul 2007-13 corporate policy transferGoogle ↗
OBSERVEDReason
IRS employer owned life insurance section 101(j) notice consent transfer policy corporationGoogle ↗
OBSERVEDConsequence
IRS life insurance policy transfer gift valuation interpolated terminal reserve unearned premium gift taxGoogle ↗
OBSERVEDReason
Badge and edge weight = share of passes that produced the query. Hover a query for its intent and routing format.
Query classes
Google's semantic query class for every sub-query: what kind of answer each search is after, simulated vs real.
ChatGPT real searches (3)
Classes come from the query-classifier (a local Laya model). 3 of 3 calls are low-confidence (under 50%) — hover a query in the table to see its confidence.
Searches and sources
ChatGPT3 real searches · gpt-6
IRS life insurance transfer for value rule section 101(a)(2) transfer to grantor trust Rev Rul 2007-13 corporate policy transfer Google ↗
IRS employer owned life insurance section 101(j) notice consent transfer policy corporation Google ↗
IRS life insurance policy transfer gift valuation interpolated terminal reserve unearned premium gift tax Google ↗
- 26 CFR § 25.2512-6 - Valuation of certain life insurance and annuity contracts; valuation of shares in an open-end investment company. | Electronic Code of Federal Regulations (e-CFR) | US Law · law.cornell.edu
- Internal Revenue Bulletin: 2007-11 · irs.gov
- 26 U.S.C. § 101: Certain death benefits · uscode.house.gov
- Internal Revenue Bulletin: 2019-17 · irs.gov
- Internal Revenue Bulletin: 2023-23 · irs.gov
- Internal Revenue Bulletin: 2009-24 · irs.gov
- 26 U.S.C. § 311: Taxability of corporation on distribution · uscode.house.gov
- 26 U.S.C. § 301: Distributions of property · uscode.house.gov
Queries
3 queries · click a column to sort
| Query / type | Search | Intent | Query class | Routing format | Cluster | Freq ↓ | Weight |
|---|---|---|---|---|---|---|---|
IRS life insurance transfer for value rule section 101(a)(2) transfer to grantor trust Rev Rul 2007-13 corporate policy transfer OBSERVED | Google ↗ AI Mode ↗ | — | Reason | — | — | 1x of 1 | |
IRS employer owned life insurance section 101(j) notice consent transfer policy corporation OBSERVED | Google ↗ AI Mode ↗ | — | Consequence | — | — | 1x of 1 | |
IRS life insurance policy transfer gift valuation interpolated terminal reserve unearned premium gift tax OBSERVED | Google ↗ AI Mode ↗ | — | Reason | — | — | 1x of 1 |