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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

Recording of a 90-minute CLE/CPE video webinar with Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford CPE+ Pass. Click for more information.
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Conducted on Thursday, April 18, 2024

Recorded event now available

or call 1-800-926-7926

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.

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Outline

  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

Benefits

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?

Faculty

LaMendola, Salvatore
Salvatore J. LaMendola
Member
Giarmarco Mullins & Horton

Mr. LaMendola specializes in charitable planning and planning for retirement plan benefits. He is the editor of the...  |  Read More

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Strafford will process CLE credit for one person on each recording. CPE credit is not available on recordings. All formats include course handouts.

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