Trust & Estate Spring Update 2015: Estate Planning with Retirement Assets Out of Stock
Co-sponsored by the Trust and Estate Section of the Colorado Bar Association
Quantity
April 2015
Trust and Estate Spring Update 2015: Estate Planning with Retirement Assets
Co-sponsored by the Trust and Estate Section of the Colorado Bar Association
Program Highlights:
What You Need to Know About-
- Types of Retirement Assets
- Terminology and Key Concepts, Such as Minimum Required Distributions and Designated Beneficiary
- Leaving Retirement Assets to Trusts
- Post-death Planning
- Tips and Traps from the Trenches, Such as Trusteed IRAs
- Directed IRAs
… and much more!
Program Description:
As more people save for retirement, it is becoming more common for retirement funds to be one of your clients' primary assets. Thus, proper estate planning with retirement assets is an increasingly important area for estate planning attorneys to address. This Update addresses the many types of retirement assets, and explains terminology and key concepts, such as minimum required distributions (MRDs) and Required Beginning Date (RBD). A primary focus of the program is leaving retirement assets to trusts, along with examples of planning options and dilemmas.
The issues associated with retirement account assets are some of the most complicated issues an attorney must address when assisting with estate planning. How much should your clients' beneficiaries withdraw after death? What are some traps to avoid and practical tips in this area? What can I learn about directed IRAs? Get answers to these questions and more!
Agenda:
8:30am
Registration and Continental Breakfast
9:00am
Welcome and Introduction
Jennifer M. Spitz, Esq., and Walter M. Kelly II, Esq., Program Co-Chairs
9:10am
Types of Retirement Assets
- Overview of Various Types of Plans and Their Differences, Including 401(K) Plans, 403(B) Plans, Traditional IRAs and Roth IRAs
- Overview of ERISA as it Applies to Retirement Assets
- Differences Between ERISA and Non-ERISA Plans
- Tax Treatment Overview, Including Different Tax Treatment of Roth IRAs Compared with Other Types of Plans
Presented by Nancy Crow, Esq.
10:00am
Networking Break
10:10am
Terminology and Key Concepts
- Required Beginning Date
- Minimum Required Distributions
- Single Life Table and Joint Life Table
- Minimum Required Distributions Pre-death and Post-death
- Meaning of Designated Beneficiary
Presented by Robert Kirkland, Esq.
11:00am
Leaving Retirement Assets to Trusts
- Conduit Trusts and Accumulation Trusts
- Leaving Retirement Assets to a Marital Trust
- Leaving Retirement Assets in Trust for a Spouse Compared with Leaving Them Outright
- Examples of Planning Options and Dilemmas
Presented by Robert Kirkland, Esq.
11:50am
Lunch on Your Own
1:00pm
Post-death Planning
- Key Deadlines
- Taking the Minimum Required Distribution for Year of Death
- Spousal Options
- Payout Options for Non-Spouses
- Separate Account Rule for Multiple Beneficiaries
- Establishing Inherited IRAs
- Steps to Take When a Trust is Named as Beneficiary
- Disclaimers
- Other Post-death Planning Options
Presented by Francis P. Brown, JD, LL.M, MIM, and Edwin P. Morrow, JD, LL.M
1:50pm
Miscellaneous Tips and Traps from the Trenches
- Will Custodians/Companies Accept Customized Beneficiary Designations?
- Creditor Protection Issues, Especially in Light of Clark v. Rameker
- Minors as Beneficiaries (Leaving IRAs Under UTMA)
- Trusteed IRAs
Presented by Francis P. Brown, JD, LL.M, MIM, and Edwin P. Morrow, JD, LL.M
2:40pm
Networking Break
2:50pm
Directed IRAs
- Overview of Directed IRAs
- Types of Assets Held by Directed IRAs
- Issues and Traps for the Unwary
Presented by Bill Humphrey, Co-founder and CEO
3:40pm
Interactive Panel Presentation for Questions and Answers with Members of the Faculty
4:00pm
Adjourn
- CLE Pass Price *FREE! - exclusions may apply
- Standard Price $339.00 USD
- Member Price $289.00 USD
- General Credits 6.00
- Ethics Credits 0.00
- EDI Credits