IRA Beneficiary Trusts and Post-Death Administration: Strategies and Tools for Implementation

Navigating RMD Issues, Income Tax and Asset Protection Elections, Establishing Sub-Share Trusts, and More

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

Conducted on Wednesday, March 26, 2014

Recorded event now available

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Program Materials

This CLE webinar will focus on best practices in administering IRA beneficiary trusts. The panel will discuss ways to measure lives for required minimum distributions (RMDs), coordinate with trustees regarding estate tax related issues and with IRA custodians for payout of RMDs, establish beneficiary sub-share trusts, and meet critical deadlines.

Description

IRA beneficiary trusts have gained popularity for clients’ IRAs and for their qualified retirement plans later rolled into IRAs. Counsel must know how to administer such trusts after a client’s death. Although there are some similarities to administering a living trust, there are many distinctions.

Counsel must determine the measuring lives for purposes of RMDs, coordinate with trustees of living trusts for estate tax related issues including income tax and asset protection elections, and coordinate with IRA custodians for payout of RMDs and retitling of IRAs.

Practitioners should be able to establish beneficiaries’ sub-share trusts and modify them if needed. Counsel must also anticipate problems that may arise from defective beneficiary designation forms, outdated trust terms or missed deadlines under the IRC and regulations.

Listen as our authoritative panel of estate planning attorneys discusses best practices for administering IRA beneficiary trusts, including a post-mortem checklist, to enable counsel to handle important implementation steps and issues.

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Outline

  1. Advantages of IRA beneficiary trusts
  2. Measuring lives for RMDs
  3. Issues to coordinating with trustees and IRA custodians
  4. Beneficiary sub-share trusts
  5. Key deadlines
  6. Post-mortem checklist

Benefits

The panel will review these and other key questions:

  • What are best practices for determining the measuring lives for RMD purposes?
  • How should counsel best coordinate with trustees, executors and custodians on estate tax related issues, payout of RMDs, and retitling of IRAs or qualified plans?
  • What are the best practices to establish or modify beneficiaries’ sub-share trusts?
  • How can estate planning counsel rectify or avoid issues pertaining to defective beneficiary designation forms, outdated trust terms or missed deadlines?

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Faculty

Michelle L. Ward
Michelle L. Ward
Partner
Keebler & Associates

Ms. Ward focuses her practice on estate and retirement distribution planning. She also analyzes trusts for designated...  |  Read More

Philip J. Kavesh
Philip J. Kavesh
Atty
The Ultimate Estate Planner

Mr. Kavesh has more than 30 years of experience as an estate planning attorney. He holds a LL.M. in Tax Law and is...  |  Read More

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