buy/sell agreements

[Guest R. Daestrom]

Are buy/sell insurance agreements typically included as part of the plan document language, or are they separate arrangements made outside of the plan & trust, drafted by competent attorneys, I presume? I believe that plan documents only need to allow for insurance but do not need to address buy/sell agreements, but I was hoping someone could confirm this. Thanks for any comments.

[Belgarath]

I agree - I've never seen a buy/sell within the actual document language. I've also only ever seen one PS plan that used plan assets to purchase the insurance to fund the outside buy/sell. Seemed rather complex to me at the time, but in retrospect it really wasn't...