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 ESTATE model is a cutting-edge strategy that utilizes life insurance to reposition tax-deferred assets from qualified plans without experiencing a 40-50% tax loss. These plans are suitable for clients that have sufficient wealth and do not need their retirement assets for income. The primary focus of this model is designed to reduce income/estate taxes on pension assets in a client’s overall estate. Often, these clients don’t need any distributions from their pension plans (including the required minimum distributions starting at age 70 ½). This strategy employs a tax efficient restructuring of assets both inside and outside of your retirement plan into a more favorable tax position. Consequently, the QLS ESTATE solution minimizes the tax impact on qualified plan assets, thus greatly increasing the opportunity for significantly more wealth to be transferred to 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.
Any age is acceptable for QLS ESTATE, however, most cases involve clients who are 65 or older.
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QLS ESTATE
