Richard Sirus
Shareholder,
Guardian Life
Richard A. Sirus focuses his practice on corporate, transactional, tax, employee benefits, executive compensation and employment law. He represents clients ranging from publicly traded companies to Taft-Hartley Benefit Funds, including sole proprietorships and executives, providing counsel on general corporate, planning and fiduciary matters, with broad experience in the design, preparation, implementation and administration of retirement plans, employee stock ownership plans (ESOPs), health plans, executive compensation arrangements and fringe benefit programs. He consults regularly with clients regarding fiduciary responsibility and liability matters. He also represents and consults with executives in the assessment, negotiation and preparation of employment arrangements and agreements, including compensation and bonus packages, option and equity arrangements, benefits programs, and termination arrangements.
Rich works with taxable and tax-exempt organizations, including consultation regarding multiple and multiemployer plan matters. He has represented clients before the Internal Revenue Service, the U.S. Department of Labor and the Pension Benefit Guaranty Corporation. He has also served as an expert witness on fiduciary liability and claims issues.
Richard Sirus's Sessions
- May 20
- 2:50 pm
- - 3:40 pm
- Check Mobile App for Locations
- Breakout Session
- Cutting Edge Strategies
In the Ultra High Net Worth space, the proliferation of the use of Private Placement Life Insurance (PPLI), has renewed interest in utilizing private split dollar planning to achieve desired results in implementation. While interest rates are no longer at historical lows, so the financial leverage is not as robust, the use of private split dollar (and third-party bank premium financing) to facilitate substantial life insurance premium payments continues to show resilience and demand. In the employer-employee arena, split dollar continues to serve a role in deferred compensation and executive benefit planning to attract and retain key executives and other individuals. This tool is equally available, with some different planning hurdles, in the non-profit and exempt organization world. This program is designed to provide advisors with an understanding of the basic features of, and variations, in split dollar life insurance planning with key updates in these three different planning worlds. We hope to provide those advisors who have not previously worked in this space, core knowledge of the emerging opportunities that exist for their clients to consider based on their needs and objectives.
