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  • videocam On-Demand Webinar
  • signal_cellular_alt Intermediate
  • card_travel Estate Planning
  • schedule 90 minutes

Estate Planning and Qualified Retirement Plans: Strategies and Pitfalls to Avoid for Trusts and Estates Counsel

Taxation of Qualified Plans, Distribution of Plan Assets, Estate Tax Considerations, Utilizing Trusts, Planning Techniques

$297.00

This course is $0 with these passes:

CLE
CPE
ALL
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About the Course

Introduction

This CLE/CPE webinar will provide estate planners guidance on structuring benefits from qualified retirement plans and IRAs to achieve maximum benefits and the interplay with estate and tax planning. The panelist will discuss the taxation of qualified plans, distribution of plan assets to the participant and after the death of the participant, critical estate tax considerations, utilizing trusts, and other key issues.

Description

Qualified retirement plans, such as IRA, 401(k), and 403(b) plans, must be handled carefully for estate and tax planning purposes. Estate planners must recognize key issues and tax consequences associated with handling qualified retirement plans in estate planning and the pitfalls to avoid.

As more people are holding their wealth in qualified plans and IRAs, navigating the rules and tax challenges stemming from plan beneficiary designations and distributions is essential to avoid adverse legal and tax implications. Estate planners need to understand (1) the income taxation of qualified plans and IRAs; (2) the distribution of plan assets to the participant during their life and after death; and (3) estate tax considerations.

In addition, utilizing certain planning techniques such as the use of trusts to minimize estate tax burden and maintain income tax deferral, designating appropriate beneficiaries, and other key items is essential to estate planning for qualified retirement plans.

Listen as Salvatore J. LaMendola, Member at Giarmarco Mullins & Horton, discusses the taxation of qualified plans, distribution of plan assets, critical estate tax considerations, utilizing trusts, and other key issues.

Presented By

Salvatore J. Lamendola, Esq.
Member
Giarmarco Mullins & Horton, PC

Mr. LaMendola, Esq. has been a member of the Trusts and Estates Practice Group at Giarmarco, Mullins and Horton, P.C. since 1996. He received his J.D. from the Notre Dame Law School and holds a B.B.A. from the University of Notre Dame. Mr. LaMendola's main practice areas are general estate planning; amending irrevocable trusts through trust decanting, exercises of power of appointment, and other techniques; pre-death and post-death planning for IRAs and other retirement plans; and charitable planning with charitable remainder trusts, charitable lead trusts, and private foundations. He is a member of the Probate & Estate Planning Section of the State Bar of Michigan. Mr. LaMendola is also a regular continuing education presenter for legal education webinar providers Rossdale of Miami, FL and Strafford of Dallas, TX. He also serves on Strafford’s Estate Planning Advisory Board for Strafford and on the InterActive Legal Practice Advisory Board.

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Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.

  • CPE credit is not available on recordings.

  • BARBRI is a NASBA CPE sponsor and this 90-minute webinar is accredited for 1.5 CPE credits.


  • Live Online


    On Demand

Date + Time

  • event

    Thursday, April 18, 2024

  • schedule

    1:00 p.m. ET./10:00 a.m. PT

  1. Overview of qualified retirement plans
  2. Estate taxation of plan benefits
  3. Income taxation of plan benefits
  4. Planning for distributions: qualified retirement accounts and IRAs
  5. Utilizing trusts and pitfalls to avoid

The panelist will discuss these and other key issues:

  • What are qualified retirement plans and what is their impact on estate and income tax planning?
  • How does the estate tax apply to plan benefits and distributions?
  • What is the income tax treatment of plan benefits and distributions?
  • What are the available planning techniques for qualified retirement accounts and IRAs for estate planning purposes?

Learning Objectives

After completing this course, you will be able to:

  • Understand what qualified retirement plans are and their impact on estate and income tax planning
  • Recognize how the estate tax applies to retirement plan benefits and distributions
  • Understand the income tax treatment of plan benefits and distributions
  • Ascertain tax planning techniques for qualified retirement accounts and IRA distributions for estate planning purposes
  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite: Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of pass-through taxation, including taxation of partnerships, S corporations and sole proprietorships, qualified business income, net operating losses and loss limitations; familiarity with net operating loss carry-backs, carry-forwards and carried interests.

BARBRI, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

BARBRI CE webinars-powered by Barbri-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .