R. Markuson, J.D., LL.M. (Taxation), is the managing member at Markuson Law Group, LLC and works out of the Batavia, Illinois office.
With a background in advanced estate tax planning, Mr. Markuson has
concentrated his practice in the private placement insurance area for the
last ten years. Mr. Markuson works primarily in integrating advanced
estate planning within the private placement insurance arena.
Because of his expertise in this area, he is sought out by domestic and
international trust companies, banks and insurance companies to address
tax-compliance issues regarding the use of private placement life
insurance planning. As an international legal consultant, he
consults with clients and their advisors throughout the world, and works
extensively with other law firms to assist them in expanding their
international practice in this area.
His focus has been on the use of private placement life insurance as a planning tool rather than as a product. He has advised several top five banks, big five accounting firms, major law firms, and large financial institutions on this matter and has helped set up their private placement programs. He has provided not only technical and regulatory advise, but also negotiated pricing and structural elements. But he is most often sought for his advice on sales and distribution issues regarding the use of private placement life insurance.
the request of Citigroup, Mr. Markuson was brought in to lobby and draft
new legislation in the state of South Dakota to accommodate the use of
domestic private placement life insurance planning within dynasty type
trusts. He worked extensively with the Governor’s office, the
insurance commissioner, the insurance lobbying organizations, and various
insurance companies regarding this matter. Mr. Markuson was
successful in negotiating a reduced premium tax, and favorable retaliatory
tax treatment for trusts domiciled in South Dakota. In addition, the
laws were modified to make the use of hedge funds and private equity funds
more available within private placement life insurance contracts. He
has been a key proponent with many major insurance companies for them
reentering the domestic market.
He speaks at and has chaired several conferences regarding the use of private placement life insurance within both an international and domestic setting. Mr. Markuson lectures extensively to tax attorneys, accountants, and financial consultants on the use of private placement insurance as a tax-planning tool.
Markuson has written several articles and technical training manuals for
U.S. tax professionals on the topics of international tax planning and
general estate planning, with a focus on the use of private placement life
insurance. In addition, he has authored two books on estate planning
and retirement planning. He is active in the American Bar Association and
the International Bar Association.
“Private Placement Life Insurance: New Insights for an Enduring
Technique,” A Special Supplement to Trusts & Estates (December
“Tax Planning with Private Placement Life Insurance: Practical
Considerations and Real World Uses to Achieve Tax Free Investment
Returns,” 4 Asset Protection Journal 48 (Summer, 2002).
“Keeping it All: Using Private Placement Life Insurance to Achieve Tax
Free Investment Returns,” Angel Investor Magazine (March/April, 2001).
“Are You Ready for the Move to International Planning?,” Journal of
Practical Estate Planning (April/May 1999).
“A Step-by-Step Checklist for Advising Clients on International Planning
Options,” Journal of Practical Estate Planning (June/July 1999).
“The Secrets of International Private Placement Variable Insurance
Contracts,” Journal of Practical Estate Planning (August/September
“A Checklist for Cross Border Estate Planning,” Journal of Practical
Estate Planning (October/November 1999).