Richard Harris, CLU, AEP, TEP

03931e4Richard L. Harris is a life insurance consultant, forensic consultant and expert witness. Richard is nationally known for his knowledge, creativity, integrity, independence, and helpfulness. As a professional’s life insurance professional, he helps attorneys, accountants, trust officers, and family offices regarding life insurance questions and issues.

With more than 40 years experience, Richard is an expert in: • Life insurance products • Uses of life insurance including estate, gift and generation-skipping Income tax deferral or elimination o Business continuation o International issues • Estate planning • Strategies using life insurance including Split-dollar, Premium Finance, Private Placement Life Insurance and Annuities, Business continuation plans • Optimizing life insurance policy performance by managing premiums and gaining maximum tax-advantages

He provides litigation support both forensically and strategically and serves as a consulting and expert witness regarding sophisticated life insurance transactions and standard of care. To date his success rate has been 100% in his clients’ favor.  Richard has been quoted in the July 18, 2011 issue of Forbes in an article about bad premium financing entitled “Wild Pitch” having to do with three former professional big-league pitchers. Richard served as an expert witness in the resulting lawsuits.   Richard also works with a national appraisal firm in doing both valuation of life insurance policies and receivables related to certain life insurance programs for tax and fiduciary purposes. Richard is a graduate of Long Island University where he majored in Accounting and Literature. He lives in Montclair NJ with his wife Paula. His interests include making sure their grandchildren have no fun, and he is a failure at growing hair.

Accomplishments:  Chair of the Insurance Committee, Trusts & Estates and Member, Editorial Advisory Board Editorial Advisory Board, Wealth Strategies Journal Contributing Editor, Private Wealth Magazine Professional Expert, WR Newswire An AALU Washington Report Contributor, Leimberg Information Systems Inc. email Newsletters Contributor, Member, Expert Team, Elite Advisor Report Board Member, Northern NJ Society of Financial Services Professionals Board Member, New York City Society of Financial Services Professionals Member, Yale Insurance Group Listed in 27th Edition, Who’s Who in Finance and Industry Chartered Life Underwriter (CLU) Accredited Estate Planner (AEP) Registered Trust & Estate Practitioner (TEP)

Memberships: Association for Advanced Life Underwriting (AALU) Committee on Insurance and Financial Planning, American Bar Association Real Property Trusts & Estates Section  Estate Planning Council of Bergen County, Inc.  Estate Planning Section of the American College Forensic Expert Witness Association National Association of Estate Planning Councils Purposeful Planning Institute New York City Estate Planning Council Society of Financial Service Professionals Society of Trust and Estate Practitioners (STEP) Yale Insurance Group

Publications:     Books: Advanced Planning with the Ultra-Affluent: A Framework for Professional Advisors; (with Russ Alan Prince) Institutional Investor, 2002, Recognizing the Opportunity: Wealth Management, Estate Planning & Life Insurance (with Hannah Shaw Grove, Brett Van Bortel and Russ Alan Prince) Charter Financial Publishing Network, 2009 Split-Dollar Life Insurance Arrangements: What Estate Planners Need to Know (with Martin Shenkman), New Jersey Institute for Continuing Legal Education, 2009

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