IRAs Require Special Planning
Most advisors know that Qualified Retirement Plans are protected from bankruptcy and creditors under ERISA. But that’s not true for IRAs.
There are lots of special asset protection issues when planning for IRAs, many of which are misunderstood or simply overlooked due to lack of knowledge.
- What level of bankruptcy and creditor protection is afforded to IRAs, under federal and state laws?
- What’s the impact on the IRA owner during lifetime and the beneficiaries when the IRA is inherited?
- Is the “Trusteed IRA” a possible asset protection solution?
- Can trusts be used to provide asset protection for IRAs?
- What are the pluses and minuses of using different kinds of trusts (for not only asset protection but income tax savings as well)?
- Living Trusts?
- Revocable Standalone Beneficiary Trust?
- Irrevocable Standalone Beneficiary Trust?
- “Conduit” versus “Accumulation” Trust?
- What are the common mistakes to avoid when IRAs are payable to trusts?
- How is planning for (or moving) trust situs a powerful planning tool?
Learn all this and more by attending a special 90-minute presentation with speaker, Robert Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA, entitled “Asset Protection Planning for IRAs”.