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Gerald Nowotny, JD LL.M
Principal | Consultant | Author | Contributor - Readers Choice
Gerald R. Nowotny, JD LL.M, is a prominent tax and estate planning attorney based in Avon, Connecticut. He serves as the Principal and Managing Partner at the Law Office of Gerald R. Nowotny, PLLC. With over 30 years of experience in the insurance and financial planning sectors, he has established a national reputation for his expertise in tax reduction and deferral strategies, particularly related to private placement insurance products targeted at ultra-high-net-worth individuals and institutional clients.13
Education and Military Background
Gerald earned his Bachelor of Science degree from the United States Military Academy at West Point in 1982. He later obtained his Juris Doctor (JD) in 1992 and a Master of Laws (LL.M.) in estate planning in 1993, both from the University of Miami School of Law. He served five years on active duty in the U.S. Army, leaving the service as a Captain.13
Professional Credentials
In addition to his law degree, Gerald holds several professional designations:
- Chartered Life Underwriter (CLU®)
- Chartered Financial Consultant (ChFC®)
- CERTIFIED FINANCIAL PLANNER™ (CFP®)
He is also a member of the Florida Bar and has contributed to various professional publications in tax and estate planning.12
Areas of Expertise
Gerald specializes in:
- Tax reduction strategies
- Estate planning
- Private placement insurance products
- International tax applications
His work has been recognized in significant tax literature, including articles that have influenced legislative discussions on non-qualified deferred compensation plans.12
Language Skills
He is fluent in both Spanish and Portuguese, which enhances his ability to serve a diverse clientele.1
Contact Information
For professional inquiries, Gerald can be reached via email at [email protected] or by phone at 860-490-9689.1
Highlights
PPLI is a customized no-load variable universal life insurance policy that allows the policyholder to customize the investment options within the policy.
I know the senior management in the offshore and domestic PPLI carriers, and they know me. I have implemented many policies as a broker and recommended strategies that resulted in many policies being written. In recent years, I have performed the legal structuring involved in the placement of PPLI and PPVA. If you have not considered PPLI or PPVA, please call me so we may discuss the advantages of such strategies or let me know the ins and outs of a better strategy. The wiser course of action is to take a chance on me while you analyze the tax and planning benefits of PPLI.
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The PIF (Pooled Income Fund) resembles the charitable remainder trust (CRT) in many ways, but not exactly. In the current environment, the PIF produces a higher tax deduction and is not subject to the limitations of the CRT. For example, the PIF is not subject to excise taxation on unrelated business taxable income. The PIF is not subject to the four tier distribution rules of the CRT. The PIF is not subject to the ten percent minimum value of the remainder interest rule.
As a result, it is possible for a taxpayer to contribution a long-term capital gain asset without gain and reinvest the proceeds in a manner so that the income distributions to the income beneficiary are received tax-free. We can also structure the charitable gift so that the deduction is not limited to the 30 percent AGI threshold. Give me a call to find out how! 860-490-9689
