Do You Know the Special Steps (and Pitfalls)
in Administering an IRA Beneficiary Trust
After the Client Dies?
IRA Beneficiary Trusts have become all the rage in recent years, and for good reason.
An IRA Beneficiary Trust can help assure that beneficiaries will properly utilize the “stretchout” of required minimum distributions (so they can compound wealth for their future needs). It can also ensure that beneficiaries take advantage of the protection a trust can offer against spouses, divorces, lawsuits, creditors, loss of government benefits and estate tax when they die.
More and more practitioners are setting up these IRA Beneficiary Trusts, for not only clients’ IRAs but for their qualified retirement plans that later may be rolled to IRAs too.
But very few practitioners have actually administered such an IRA Beneficiary Trust after a client’s death and have no idea of the tricks and traps involved!
Administering an IRA Beneficiary Trust may be similar in some ways to administering a Living Trust, but in many ways it’s not!
Do you know how to properly handle all of these critical implementation steps and issues, so you don’t “blow up” the trust and have to contact your E&O carrier?
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How do you properly and timely determine the “measuring lives” for required minimum distribution (“RMD”) purposes?
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How do you coordinate properly with the Trustee of the client’s Living Trust (or Executor of his or her estate) on numerous estate tax-related issues?
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How do you coordinate with the Trustee, beneficiaries and their client’s advisors regarding time-critical and extremely important income tax and asset protection “elections” (including disclaimers and “conduit” or “accumulation” trust treatment)?
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How do you coordinate with the IRA custodian (or qualified plan administrator) regarding proper payout of RMDs and correct retitling of the IRA (or qualified plan)?
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How do you properly establish the beneficiaries’ sub-share trusts and modify them, if necessary, to meet the needs and circumstances of each beneficiary?
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How do you avoid missing any of the four critical time deadlines, established under the Internal Revenue Code and Regulations?
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How do you fix and avoid problems that can arise due to defective beneficiary designation forms, inappropriate or outdated trust terms or missed deadlines?
Join nationally renowned estate planning attorney (and Ultimate Estate Planner President) Philip Kavesh - - who obtained the 2005 ground-breaking PLR for his IRA Inheritance Trust® and has since drafted and administered numerous such IRA Beneficiary Trusts - - with this special 90-minute program, “Proper Post-Death Administration of an IRA Beneficiary Trust”.
If you’ve ever set up one of these trusts, or are thinking about doing so before you miss out on this “new wave” planning device, you should attend this program. You’ll not only learn how to administer the Trust, you’ll get an invaluable Post-Mortem Checklist to be sure you don’t miss or blow any important steps!
PROGRAM DETAILS:
Title: Proper Post-Death Administration of IRA Beneficiary Trusts
Duration: 90 minutes
Cost: $149 for Immediate Download / $199 for Printed Materials & CD
Speaker: Philip J. Kavesh, J.D., LL.M.(Tax), CFP®, ChFC, CA State Bar Certified Specialist
Purchase Includes: Handout Materials and Audio Recording
Frequently Asked Questions
HOW TO PURCHASE:
Online: Purchase online - - it's fast, safe and convenient! Choose one of the options below.
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IMMEDIATE DOWNLOAD
Includes: PDF Handout Materials & MP3 Audio Recording
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$149
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PRINTED MATERIALS & DISC
Includes: Printed Handout Materials and CD-ROM containing PDF version of handout materials and audio recording
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$199 + S&H
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By Phone: Call us at 1-866-754-6477
*IMPORTANT NOTICE REGARDING CE CREDIT: The Ultimate Estate Planner, Inc. and Philip J. Kavesh are not approved Continuing Education Sponsors. However, several states and regulatory agencies for a variety of professionals that participate on our teleconferences may still receive continuing education credit for their participation. If a participant wishes to receive CE credit for their participation on these teleconferences, they must apply to receive credit on their own and through their individual states and regulatory authorities. A Certificate of Completion will be provided to all of those in attendance. It is the responsibility of the participant to file for CE credit and is not guaranteed by The Ultimate Estate Planner, Inc. and Philip J. Kavesh. |