ENCORE IRA Beneficiary Trusts and Post-Death Administration: New Estate Planning Tool
This CLE webinar will focus on best practices in administering IRA Beneficiary Trusts. The panel will discuss ways to measure lives for required minimum distributions (RMDs), coordinate with trustees regarding estate-tax related issues and with IRA custodians for payout of RMDs, establish beneficiary sub-share trusts and meet critical deadlines.
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.
It is critical to 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.
Counsel should be able to establish beneficiaries’ sub-share trusts and modify them if needed. It is also critical to handle or avoid problems that may arise from defective beneficiary designation forms, outdated trust terms or missed deadlines under the IRC and Regulations.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.
I. Advantages of IRA Beneficiary Trusts
II. Measure lives for RMDs
III. Issues to coordinating with trustees and IRA custodians
IV. Beneficiary sub-share trusts
V. Key deadlines
VI. Post-mortem checklist
Questions to be addressed by the panel:
1. What are best practices for determining the measuring lives for RMD purposes?
2. 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?
3. What are the best practices to establish or modify beneficiaries’ sub-share trusts?
4. How can estate planning attorneys rectify or avoid issues pertaining to defective beneficiary designation forms, outdated trust terms or missed deadlines?
P.S. Register by Friday, May 10 and get $50 off.
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Essentials of Estate Planning, Beneficiary Designations and Asset Protection
The National Tax Sheltered Accounts Association (NTSAA) hosts the 2013 NTSAA 403(b) Summit.
This session will explore the five ‘must haves’ in a basic estate plan, as well as crucial considerations for making proper beneficiary designations, using life insurance and living trusts, retirement accounts, stretch planning, RMDs, credit shelter trusts and asset protection strategies.