NU Online News Service, Feb. 11, 11:45 a.m. – Account executives of the Hartford Financial Services Group, Simsbury, Conn., will receive training from the National Network of Estate Planning Attorneys in estate planning strategies that can be used whether or not the estate tax is eventually repealed, the company announced today.
The National Network has 800 attorneys who will work with the Hartford’s more than 200 life insurance account executives and wholesalers to explain the life insurance needs of affluent clients, the Hartford says.
Hartford points out that its new training program emerges as Congress debates estate tax repeal. President George W. Bush and Congressional Republicans have vowed to permanently repeal the estate tax. Current law calls for the estate tax to be repealed in 2010 but return in 2011.
Robert Kerzner, executive vice president and director of Hartford Life’s individual life division, observes that with Federal budget deficits projected through 2010, the government may ultimately be unable to afford repeal.
“No one should gamble his or her family’s financial security on the potential repeal of the estate tax,” Kerzner says.