Blue Star Consulting is a Managing Producer for The QLS Program. QLS or “Qualified Leverage Strategy” is a proprietary solution which utilizes a client’s qualified retirement plan assets (traditional IRA, 401K, defined contribution, defined benefit, etc.) to fund cash value life insurance. This innovative approach has the potential benefits of reduced taxes, maximized wealth transfer, increased philanthropy and greater retirement income.
The Blue Star QLS CHARITABLE model is an innovational strategy that utilizes life insurance to reposition tax-deferred assets from qualified plans without experiencing a 40-50% tax loss. The primary focus of this model is to maximize charitable contributions in the near term without reducing the future wealth available to other estate beneficiaries (i.e. children). This strategy is designed for clients who do not need income distributions from their pension plans because they have other assets outside the qualified plan that will more than cover their income needs during their retirement years. Our proprietary strategy accomplishes these goals through a tax efficient restructuring of assets both inside and outside of their retirement plan into a more favorable tax position. Consequently, the QLS CHARITABLE solution minimizes the tax impact on qualified plan assets, thus greatly increasing the opportunity for the client to give a significant charitable gift (in their lifetime) while still transferring the same amount of assets (or more) to non-charitable estate beneficiaries.
The Blue Star Consulting QLS team can prepare custom proposals using proprietary analysis software, and then our professionals will work with the high net worth client and their trusted advisors in explaining the positive QLS tax transformation & the resulting benefits.
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QLS CHARITABLE
