Do You Know the Special Steps (and Pitfalls)
in Administering an IRA Beneficiary Trust
After the IRA Owner 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 later in life 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? For example, do you know…

  • How to properly and timely determine the “measuring lives” for required minimum distribution (“RMD”) purposes
  • How to coordinate with the Trustee, beneficiaries, and the client’s other advisors regarding time-critical and extremely important income tax and asset protection “elections” (including disclaimers and “conduit” or “accumulation” trust treatment)
  • How to coordinate properly with the Trustee of the client’s Living Trust (or Executor of his or her estate) on numerous estate tax-related issues, including electing portability or bypass trust funding
  • How to properly establish the beneficiaries’ sub-share trusts and modify them, if necessary, to meet the needs and circumstances of each beneficiary
  • How to avoid missing any of the four critical deadlines, established under the Internal Revenue Code and Regulations
  • How to transfer the IRA when the Trust terminates without triggering income taxation
  • How to fix and avoid problems that can arise due to defective beneficiary designation forms, inappropriate or outdated trust terms, or missed deadlines
  • And much, much more!

Join nationally renowned estate planning attorney (and Ultimate Estate Planner President) Philip Kavesh - - who obtained the 2005 ground-breaking PLR for his IRA Beneficiary Trust® and has since drafted and administered numerous such IRA Beneficiary Trusts - - for a special 90-minute program entitled, “Proper Post-Death Administration of IRA Beneficiary Trusts”.

If you’ve ever set up an IRA Beneficiary Trust, or are thinking about adding this “new wave” planning device to your practice before it becomes “legal zoomed”, 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 Title: Proper Post-Death Administration of IRA Beneficiary Trusts
  • Speaker:
  • 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. Diane Kiepe, Esq.

    THANK YOU! First of all I have to say FINALLY someone gave me insight on post death admin! I have presented on the topic of IRA Trust think 3 times this year – am a huge fan and, as geeky as it sounds, feel like we need to spread the word! That being said, my practice is young both in terms of years practicing and in terms of most my client base. In terms of IRA Trusts, I’ve asked so many Investment folk what admin looks like post death and I have gotten anything from a blank stare to “just like any other trust” – neither of these are helpful and can I say the later is just not correct? I now realize the attorney’s role post death is much more proactive and involved then I had realized. I so appreciate your seminar. I’ll definitely be getting the Traps & Tricks program as well!

  2. Patty Spragg

    Easy to follow. Good presentation and materials!

  3. Christine Romsdahl

    Fantastic – technical, advanced, but explained in a simple, step-by-step way. I give this program a perfect 10!

  4. John M. Martin, Esq.

    Phil, thank you so much! I must tell you that your materials are excellent, and I appreciate you taking time to answer my questions.

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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.