Trust Dispositions of IRAs and Qualified Plans: Structuring See-Through Trusts and Stretch Provisions

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


Conducted on Tuesday, January 17, 2017
Recorded event now available


The CLE/CPE webinar will provide estate planning professionals with a thorough and practical guide to the planning and structuring considerations of clients with qualified retirement plans. The panel will address the specific planning issues involving pre-mortem allocation and post-mortem disposition provisions of IRAs and other qualified plans.

Description

In many instances the most valuable asset taxpayers hold are their tax-deferred retirement accounts, including 401(k) and other qualified plans. Estate planners must ensure that those qualified plan assets are protected not only from creditors but also from accelerated distribution and other events that serve to deplete their value.

A valuable estate planning tool for protecting qualified plans is structuring trusts to pass ownership of the qualified plan. These “see-through” trusts can provide beneficial flexibility in a comprehensive estate plan, but also carry both income tax consequences and very strict IRS requirements for qualification. A critical component of any trust named as a beneficiary of a qualified plan is for the documents to have specific dispositive provisions written into the trust language.

Whether estate counsel is drafting a trust to function as a conduit trust or an accumulation trust, estate planning counsel must know the rules and required language in drafting an IRA beneficiary trust in order to avoid serious tax consequences.

Listen as our experienced panel provides detailed guidance, including sample language, to help you master the intricacies of drafting trusts with qualified plans and structuring vehicles to dispose of those plans in a tax-efficient and compliant manner.

Outline

  1. Accumulation vs. conduit trusts for holding qualified plans
  2. Drafting trust provisions to ensure tax-efficient disposition of qualified plans
  3. QTIP trusts
  4. Special provisions for spouses
  5. RMD considerations for named beneficiaries

Benefits

The panel will review these and other key issues:

  • Provisions that must be included in trust language for a trust to qualify for see-through treatment as either a conduit trust or an accumulation trust
  • Structuring considerations to provide longest possible payout
  • Special factors to consider when drafting a QTIP trust as an IRA beneficiary trust

Learning Objectives

After completing this course, you will be able to:

  • Identify stretch treatment of required minimum distributions within a look-through trust
  • Differentiate conduit vs. accumulation trusts
  • Decide on an appropriate disposition strategy for IRAs and other qualified plans

Faculty

Larry S. Hartley
Strauss Attorneys, Asheville, N.C.

Mr. Hartley focuses his practice on estate planning and estate administration, wills and trusts. He counsels his clients on IRA Inheritance Trusts, Alaska Trusts, and Veterans Aid and Attendance benefits. He also advises clients on elder law issues including Medicaid Long Term Care Qualification. He authored the article, Conduit Share versus Accumulation Share: Difficult Choices, Important Consequences.

Carter B. Webb
Strauss Attorneys, Asheville, N.C.

 


EA Credit

Enrolled Agent credit processing is available for an additional fee per person.

EA Processing $5.00


Recordings

CLE On-Demand - Streaming Video

Note: Self-study CPE and EA credits are not offered on this On-Demand webinar.

Includes recorded streaming video of full program plus PDF handouts.

On-demand is the only recorded format recognized for CLE credits in DE, IN, KS, LA, MS, NC, OH, OK, SC, TN, VA, WI.

AK, AZ, CA, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN*, KS, KY, LA, ME, MN, MO, MT, NC, ND, NH**, NJ, NM, NV, NY, OH*, OK, OR, PA, SC, TN, TX, UT, VA, VT, WA, WI, WV, WY (Note: Some states restrict CLE eligibility based on the age of a program. Refer to our state CLE Map for additional information.)

*Only available for attorneys admitted for more than two years. For OH CLE credits, only programs recorded within the current calendar year are eligible - contact the CLE department for verification.

**NH attendees must self-determine if a program is eligible for credit and self-report their attendance.

CLE On-Demand Video $297.00

How does this work?


Recorded Event

Includes full event recording plus handouts.

Note: Self-study CPE and EA credits are not offered on recorded events.

Strafford is an approved provider and self-study CLE credit is available in most states.

AK, AZ, CA, CO, CT, FL, GA, HI, IA, ID, IL, KY, ME, MN, MO, MT, ND, NJ, NM, NY, OR, PA, TN, TX, UT, VT, WA, WV, WY (Note: Some states restrict CLE eligibility based on the age of a program. Refer to our state CLE Map for additional information.)

Strafford will process CLE credit for one person on each recording.

Additional copies of a recording can be purchased at a discount. Please call Strafford Customer Service toll-free at 1-800-926-7926 ext 10 or email customerservice@straffordpub.com to place your order.

Recorded Webinar Download $297.00

How does this work?

Recorded Audio Download (MP3) $297.00

How does this work?


NASBA CPE Sponsor

National Registry of CPE Sponsors

Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

IRS Approved Provider

Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

Program Materials

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Program Materials

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CLE Credits

Many states grant CLE credits for on-demand streaming audio programs and recorded events. Our programs are pre-approved in many states. Refer to our state CLE map for state-specific information.

or call 1-800-926-7926

CPE Credit

Strafford is a NASBA CPE sponsor and our live webinars qualify for CPE credits. They offer you a high quality, cost effective, and convenient CPE option, with no lost travel time or expenses.

or call 1-800-926-7926

Customer Reviews

Better than I expected. Well done on both subject matter and production quality.

Jeff Simpson

Gordon, Fournaris & Mammarella

I thought the information provided was great.

Erika Gamiz

Law Offices of Marcia L Kraft

The webinar offered excellent insight into some specific areas.

Beth Ann R. Lawson

Virginia Beach Law Group

The program was well organized and discussed the major issues.

Roxy Hammett

Wolff & Samson

The seminar was very informative and easy to understand.

Amy Allison

Anderson Hunter Law Firm

or call 1-800-926-7926

Estate Planning Advisory Board

Gary D. Altman

Principal and Founder

Altman & Assoc.

Brian M. Annino

Partner

Annino Law Firm

Richard S. Franklin

Member

Franklin Karibjanian & Law

J. Leigh Griffith

Partner and Practice Group Leader - Tax

Waller Lansden Dortch & Davis

L. Paul Hood, Jr.

Consultant, Speaker and Author

The University of Toledo Foundation

Denise L. Iocco

Partner

Windels Marx Lane & Mittendorf

Donna J. Jackson

Atty

Donna J. Jackson, Attorney at Law

Salvatore J. LaMendola

Member

Giarmarco Mullins & Horton

Edwin P. Morrow, III, Esq.

Senior Wealth Specialist

Key Private Bank Wealth Advisory Services

Scott K. Tippett

Atty

The Tippett Law Firm

Susan M. von Herrmann

Partner

Perkins Coie

or call 1-800-926-7926

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