Do You Know the Difference Between a
Well-Drafted and Poorly-Drafted
IRA Beneficiary Trust?

Are you drafting (or thinking about drafting) IRA Beneficiary Trusts without knowing about the many technical issues and traps?

Even if you use a good document form, you can’t rely on it alone. You will often need to customize certain provisions for particular client situations - - and do you know what language you can touch (or not) and how to modify it without jeopardizing the potential income tax stretchout of required minimum distributions (or asset protection)?

Consider this…every one of the following IRA Beneficiary Trust provisions must meet exacting IRS standards (you can’t just use your typical Living Trust provisions):

  • Payment of debts, expenses and taxes
  • Definitions of “income”, “issue” and “children”
  • Exemption-Marital Trust funding formula
  • Distribution of Marital Trust (“QTIP”) income
  • Charitable bequests
  • Cash bequests to individuals
  • Lifetime and testamentary powers of appointment
  • Contingent beneficiaries (“catastrophe”) provision
  • Trustee powers

Join us and our President, Philip Kavesh, nationally renowned expert on drafting IRA Beneficiary Trusts and creator of the PLR-approved IRA Inheritance Trust® on Wednesday, May 31st, 2017 at 9am Pacific Time (12pm Eastern Time) for a special 90-minute teleconference entitled, “The Traps & Tricks of Drafting IRA Beneficiary Trusts”.

Phil will not only address the above technical issues and traps, but he will also teach you:

  • The key Trust provisions
  • Where you can customize the Trust and where you shouldn’t!
  • How to choose whether a “conduit” or “accumulation” subtrust is right for each particular beneficiary
  • How to utilize a special “toggle switch” to adjust that choice to fit each beneficiary’s needs and circumstances after the IRA owner dies!
  • How to plan for blended families and second marriages, while avoiding QTIP nightmares!
  • How to plan for Roth IRAs and qualified retirement plans that may later be converted to Roth IRAs
  • How to draft simple Beneficiary Designation Forms to properly implement the Trust - - forms the custodian will actually accept!
  • And much, much more (including some key conduit and accumulation trust form provisions)!
  • Program Title: The Traps & Tricks of Drafting IRA Beneficiary Trusts
  • Speaker:
  • Date: Wednesday, May 31, 2017
  • Time: 9:00 am PT (12:00 pm ET)
  • Duration: 90 minutes

Philip J. Kavesh

J.D., LL.M. (Taxation), CFP®, ChFC, California State Bar Certified Specialist in Estate Planning, Trust & Probate Law
Philip J. Kavesh

Philip J. Kavesh is a nationally recognized attorney, authority, speaker, educator and technical innovator in estate planning.

Phil has earned significant recognition and accolades over his approximately 33 years of practice as an estate planning attorney. Phil holds a Master’s Degree (LL.M.) in Tax Law and is a California State Bar Certified Specialist in Estate Planning, Trust and Probate Law. He also has been awarded the Certified Financial Planner and Chartered Financial Consultant designations. Phil has served his fellow estate planning and financial professionals by teaching in the Golden Gate University Graduate Tax Degree and Certified Financial Planner programs. Phil was also selected by his peers and served on their behalf as the California Legislative Liaison for the International Association of Financial Planners and has represented the estate planning attorney community in testifying before State legislative committees seeking to regulate the estate and financial planning professions and to eliminate “trust mills”. In fact, several of the practice forms and client disclosure pieces created by Phil have been incorporated into new legislation and regulations. Furthermore, Phil was one of three attorney co-founders of the American Academy of Estate Planning Attorneys.  He has also been an honorary member of the National Network of Estate Planning Attorneys and is an active member of WealthCounsel.

Phil has been recognized and quoted as an estate and tax planning authority in numerous national, prestigious publications, including Money Magazine, Investors Daily, Personal Finance Magazine, Los Angeles Times, Los Angeles Business Journal, Consumer Reports Magazine, Journal of Retirement Planning, Ed Slott’s IRA Newsletter, Investment Advisor Magazine, Life Insurance Selling, and PacQuarterly. He has appeared on several television and radio programs and his weekly TV show, “Preserve Your Estate”, was broadcasted on local Los Angeles TV for over six years.

Additionally, Phil has created or co-created numerous technical advances in estate planning, including the Personal Asset TrustSM and the IRA Inheritance Trust®. His unique legal documents have been licensed to hundreds of attorneys all across the country, through his company, The Ultimate Estate Planner, Inc.  He has also authored or co-authored several outstanding consumer publications including “The Ten Biggest Mistakes People Make When Setting Up a Living Trust”, “The Top Ten Estate Planning Mistakes Wealthy People Make”, and “21st Century Wealth”.

Even more impressive are Phil’s accomplishments as a speaker and educator of the public and his professional peers. Phil has personally presented over 2,000 seminars on estate, tax and financial planning to the general public, to various major corporations and their employees, and to CPAs, financial planners and attorneys.  His renowned seminars have been duplicated and sold to thousands of estate planning professionals and financial advisors in the U.S. and Canada.  Phil has devoted substantial efforts to improving the standards in the estate planning and financial planning industries by personally training over 4,000 attorneys and financial planners.

IMPORTANT NOTICE REGARDING CE CREDIT

The Ultimate Estate Planner, Inc. and the presenter are not registered Continuing Education Sponsors and this program is not pre-approved for continuing education credit for any state or regulatory agency.

However, please note that each program includes a Certificate of Completion and, depending on the license and the regulatory agency for which governs a participant’s CE credit, some professionals may be able to self-report his or her participation and receive credit. It is the responsibility of the participant to complete any process necessary to seek self-reported CE credit for his or her participation. By registering for a teleconference (or purchasing on On-Demand program), you understand that CE credit is not guaranteed or warranted by the presenter or The Ultimate Estate Planner, Inc.

Reviews

  1. Linnea Levine, Attorney

    Great program! I give it a 10! Easy to follow handouts!

  2. Cheryl Sanfilippo, CPA

    Great presentation! Right on point!

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We also have a special 3-part  series entitled, “What You Need to Know About IRA Beneficiary Trusts”. This series will give everything you need to know about how to add IRA Beneficiary Trust planning to your practice.  Plus, you will receive “The Standalone IRA Beneficiary Trust: An Introductory Overview” as a FREE bonus program (a $169 value!) when you sign up for the series!

The series includes the following programs:

For more information about the series and to take advantage of a special bundle price for registering for all 3 programs and receive your FREE Bonus Program, click here.

**If purchased after teleconference date,  you will automatically receive the downloadable PDF Handout Materials and MP3 Audio Recording for that program.