Breakthrough to Benefit Charities

David T. Leibell and Daniel L. Daniels, who've just changed firms and now are partners at Wiggin and Dana LLP, in Stamford, Conn., have this report: Finally, the Internal Revenue Service has seen a charitable life insurance strategy that it likes. The life insurance industry has been working for years to create strategies that would enable donors to find money to pay premiums for a life insurance

David T. Leibell and Daniel L. Daniels, who've just changed firms and now are partners at Wiggin and Dana LLP, in Stamford, Conn., have this report:

Finally, the Internal Revenue Service has seen a charitable life insurance strategy that it likes.

The life insurance industry has been working for years to create strategies that would enable donors to find money to pay premiums for a life insurance policy on their lives that is owned by the donors' favorite charity. Congress and

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