Comprehensive Estate Planning for Individuals with IRAs and Retirement Plans

Retirement accounts often constitute a significant portion of a client’s estate, representing years of hard work, savings, and savvy investing in a tax-deferred investment portfolio. For many clients the balances in their retirement accounts will be among the most valuable assets in the legacy they leave for beneficiaries. In June of 2014, the U.S. Supreme Court made it clear that inherited IRAs are not protected from creditors’ claims. More than ever before it is essential to understand the interplay between retirement accounts and proactive strategies to safeguard IRAs as they pass into the hands of beneficiaries, and to maximize long term income tax deferred growth.

By participating in this workshop, you will learn how to coordinate your IRAs and Retirement Plans with a comprehensive estate plan including:

• Important asset protection and income tax planning strategies that are available and by failing to plan, the opportunities may be missed to protect your assets
• IRA specific strategies including whether an IRA Legacy Trust is a good choice
• A discussion on who the beneficiary of your retirement plan should be
• The benefits of a comprehensive estate plan to protect family inheritances from being lost to creditors, bad business dealings and divorcing spouses