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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

  • work Practice Area

    Estate Planning

Date & Time
  • event Date

    Tuesday, December 10, 2019

  • schedule Time

    1:00 PM E.T.

  • timer Program Length

    90 minutes

Credit Information

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


  • Live Online


    On Demand

$297.00

This course is $0 with these passes:

CLE
ALL

This CLE course will guide trust and estate counsel on the complexities of planning with inherited retirement benefits. The panel will discuss mechanisms to avoid pitfalls concerning inherited retirement benefits such as account titling, plan transfers, required distributions, basis reporting, special tax options, and other essential items to ensure optimum planning.

Description

Retirement assets, such as IRAs, 401(k)s, and other defined-contribution accounts, can hold significant amounts that can become part of an estate. For thorough planning, trusts and estates counsel must account for the distribution of these retirement account assets to ensure alignment with the overall estate plan.

Generally, retirement assets transfer directly to beneficiaries without passing through probate but are often subject to federal and state income taxes and possible estate taxes. This requires estate planning with a focus on account titling, plan-to-plan transfers, use of trusts, basis reporting, utilizing deductions, and recognizing required distribution rules.

Listen as our panel discusses the key estate planning challenges of inherited retirement assets and offers methods to avoid unintended administration mishaps and tax liability.

Outline

  1. Estate planning considerations for inherited retirement benefits
  2. Special considerations for IRAs, 401(k)s and other defined benefit plans
  3. Tax planning options

Benefits

The panel will review these and other key issues:

  • What are the key estate planning considerations for inherited retirement assets?
  • What obstacles are present in planning for inherited IRA accounts?
  • What are the special considerations for planning for inherited 401(k)s and other defined benefit plans?
  • What are the issues for account titling, plan transfers, and required distributions?
  • What are the tax planning options?
  • Should bequests to trusts be considered?