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.
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.
- Accumulation vs. conduit trusts for holding qualified plans
- Drafting trust provisions to ensure tax-efficient disposition of qualified plans
- QTIP trusts
- Special provisions for spouses
- RMD considerations for named beneficiaries
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
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
Larry S. Hartley
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
Enrolled Agent credit processing is available for an additional fee per person.
EA Processing $5.00
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
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.)
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I thought the information provided was great.
Law Offices of Marcia L Kraft
The program was well organized and discussed the major issues.
Wolff & Samson
The seminar was very informative and easy to understand.
Anderson Hunter Law Firm
The webinar offered excellent insight into some specific areas.
Beth Ann R. Lawson
Virginia Beach Law Group
Better than I expected. Well done on both subject matter and production quality.
Gordon, Fournaris & Mammarella
Estate Planning Advisory Board
Annino Law Firm
Consultant, Speaker and Author
The University of Toledo Foundation
Partner and Practice Group Leader - Tax
Waller Lansden Dortch & Davis
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