Drafting IRA Beneficiary "See-Through" Trust Provisions
Meeting Complex IRS Rules to Qualify a Trust as a Conduit Trust or an Accumulation Trust
Recording of a 90-minute CLE/CPE video webinar with Q&A
This CLE/CPE course will provide estate planning counsel with detailed guidance on drafting "see-through" trusts that qualify as IRA beneficiaries under IRS regulations. The panel will explain provisions governing both "conduit trusts" and "accumulation trusts" and offer sample language for both trusts that will meet IRS standards.
Outline
- Trusts as beneficiaries of IRA
- Conduit vs. accumulation trust
- DNI impact and considerations
- Drafting provisions for conduit trusts
- Drafting provisions for accumulation trusts
Benefits
The panel will review these and other relevant issues:
- Impact of the SECURE Act, SECURE 2.0, and other regulations
- Income tax considerations in utilizing a see-through trust
- What provisions must be included in trust language for a trust to qualify for see-through treatment as either a conduit trust or an accumulation trust?
- Factors to consider when drafting a QTIP trust as an IRA beneficiary trust
Faculty
Joe Blumberg
Senior Fiduciary Officer
Northern Trust Wealth Management
Mr. Blumberg works with clients to proactively solve problems related to wealth management and trust... | Read More
Mr. Blumberg works with clients to proactively solve problems related to wealth management and trust administration.
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Nathan Shoff
Partner
Lacy Katzen
Mr. Shoff compassionately assists clients facing the inevitable challenges of aging, sickness, and death by counseling... | Read More
Mr. Shoff compassionately assists clients facing the inevitable challenges of aging, sickness, and death by counseling clients on how to put the best estate plan in place for their needs. This involves guidance on what form of an estate plan is most appropriate, whom to appoint as fiduciary of that plan (Power of Attorney Agent, Trustee, Executor), and what kind of property beneficiaries (children, grandchildren, charities, etc.) should receive after a person’s death. Over a decade in practice, he has assisted many individuals and families with planning for their incapacity and death through the effective drafting of Health Care Proxies, Living Wills, Last Wills, Powers of Attorney, Revocable and Irrevocable Trusts. As part of planning for the elderly and disabled individuals, he also counsels clients on public benefits that may be available to help pay for a client’s long-term care. This often involves navigating the complex rules and regulations of the Medicaid program in New York to preserve clients’ assets as much as possible while still obtaining the Medicaid coverage needed to pay for their long-term medical needs
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