IRA Beneficiary Trusts And Post-Death Administration: Strategies And Tools For Implementation
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IRA beneficiary trusts have gained popularity for clients’ IRAs and for their qualified retirement plans later rolled into IRAs. Counsel must know how to administer such trusts after a client’s death. Although there are some similarities to administering a living trust, there are many distinctions.
Counsel must determine the measuring lives for purposes of RMDs, coordinate with trustees of living trusts for estate tax related issues, including income tax and asset protection elections, and coordinate with IRA custodians for payout of RMDs and retitling of IRAs.
Practitioners should be able to establish beneficiaries’ sub-share trusts and modify them if needed. Counsel must also anticipate problems that may arise from defective beneficiary designation forms, outdated trust terms, or missed deadlines under the IRC and regulations.
Listen as our authoritative panel of estate planning attorneys discusses best practices for administering IRA beneficiary trusts, including a post-mortem checklist, to enable counsel to handle important implementation steps and issues.
- Advantages of IRA beneficiary trusts
- Measuring lives for RMDs
- Issues to coordinating with trustees and IRA custodians
- Beneficiary sub-share trusts
- Key deadlines
- Post-mortem checklist
The panel will review these and other key issues:
- What are best practices for determining the measuring lives for RMD purposes?
- How should counsel best coordinate with trustees, executors and custodians on estate tax related issues, payout of RMDs, and retitling of IRAs or qualified plans?
- What are the best practices to establish or modify beneficiaries’ sub-share trusts?
- How can estate planning counsel rectify or avoid issues pertaining to defective beneficiary designation forms, outdated trust terms or missed deadlines?
Philip J. Kavesh, President
The Ultimate Estate Planner, Redondo Beach, Calif.
Mr. Kavesh has more than 30 years of experience as an estate planning attorney. He holds a LL.M. in Tax Law and is a California State Bar Certified Specialist in Estate Planning, Trust and Probate Law. He created or co-created numerous technical advances in estate planning, including the Personal Asset Trust(SM) and the IRA Inheritance Trust®. He is a frequent presenter on estate and tax law issues.
Michelle L. Ward, Partner
Keebler & Associates, Green Bay, Wis.
Ms. Ward focuses her practice on estate and retirement distribution planning. She also analyzes trusts for designated beneficiary status, benefits, and viability of inherited IRA analysis, as well as prepares private letter ruling requests and specimen retirement planning documents. Ms. Ward has received more than 30 favorable private letter rulings and is a Certified Specialist in Estate Planning.
Continuing Education Credits Available
This program has been approved for 2.0 CPE hours through Strafford Publications. CPE Credit is available only for the LIVE webcast. Recorded versions do not qualify for credit.
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To obtain CPE credit, attendees must participate in the live event, return an Official Record of Attendance to Strafford affirming their participation (including the CPE code announced during the program), and pay a processing fee of $35 per person.
Strafford will mail a certificate of credit within approximately 2 weeks of receiving an attendee's completed Official Record of Attendance—provided all required conditions have been satisfied.
Handout materials and the phone number for live presentations are made available to you 1 day prior to the event via email from the presenter. Copies of the presentations are included with recorded versions.
If you order a recorded version of the webinar, CD's will be mailed out approximately 10 days after the live event. Shipping is included in the price of recorded versions.
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This presentation is also available in a recorded format, in On-Demand Or CD versions, as shown in the pricing options below.
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|Licenses / Designations / Educational Credits:||CLE|
All US States: 1.5
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||Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417 or by visiting their website.
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