About

Gerry Nowtny is a tax and estate planning attorney in Avon, CT. He has a JD and LL.M in estate planning from the University of Miami School of Law. He has his undergraduate degree from the United States Military Academy. He served on active duty for five years and left the service as a Captain. He has completed the CLU, ChFc and CFP programs and has developed a national reputation in certain niche tax planning strategies.

8 Responses to About

  1. MR. NOWOTNY
    ENJOY YOUR WRITINGS AND EDUCATING OF US READERS.
    THOUGHT YOUR MATERIAL ON TAX REDUCTIONS FOR TRIAL LAWYERS WAS INTERESTING
    DO YOU DO MUCH WORK IN AIDING WEALTH MANAGERS IN AN ADVISORY CAPACITY, WE ARE DOING SOME WORK WITH A LAW FIRM AND ARE TRYING TO IDENTIFY OTHER TAX REDUCTION OPPORTUNITIES FOR THE LAW PRACTICE
    DIVERSIFIED PRACTICE..SOME TRANSACTION FOLKS, BUSINESS LAWYERS, ONE PRIVATE CLIENT LAWYER-OUR KEY GUY, SEVERAL REAL ESTATE LAWYERS AND THE BALANCE ARE PRIMARILY LITIGATORS.

  2. MICHAEL D. BROCKMAN says:

    DEAR SIR: I AM A SR. MANAGING DIRECTOR OF A LARGE PRIVATE EQUITY FIRM WHICH HAS A NUMBER OF VARIOUS HEDGE FUNDS. AM I PERMITTED TO PURCHASE A SINGLE PREMIUM PPLI FOR $ 50,000,000 AND HAVE THE FUND MANAGER MAKE THE INVESTMENTS?

    • gerrynowotny says:

      Michael

      I can’t recall whether we already connected on this. It is possible but the “devil is in the details”. Feel free to call me at 860 490 9689

      • The Brockman Companies says:

        Gerry: We are curious as to how you received our email address? If you or a Trust is the buyer of a PPLI, either of those entites can purchase the IDF’s. I would investigate as to whether there would be a conflict of interest if your Private Equity Fund, if listed as an IDF, could be purchased.

      • gerrynowotny says:

        You sent me a response some time ago regarding something of mine that you read. The issue is investor control. Nevertheless, I am personally aware of some HF managers that have significant investment in their funds through these products. The “trick” i in how you structure the policy ownership and IDF structure.

  3. The Brockman Companies says:

    Are you saying that a Managing Director at Goldman Sachs new IDF with Philadelphia Financial (when fully approved) can purchase a PPLI for $ 50,000,000 in the Goldman Sachs IDF, if properly structured?

    • gerrynowotny says:

      I would not see the MD coming into the IDF like everyone particularly if no one else is in the fund. If you did it that way, I would use a corporate owned life insurance approach insuring the lives of employees.
      For the manager I would recommend a customized IDF managed by an independent but friendly advisor with the policy owned with an irrevocable trust that is a non grantor trust for income purposes. The IDF in its legal discretion can allocate to the Manager’s fund in accordance with the investment diversification requirements.

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