Asset protection for retirement plans and IRAs
Article Abstract:
The author discusses the law and practical methods concerning protection of IRA and retirement plan assets. ERISA protections, state law protections, and spendthrift trust protection are discussed.
Publication Name: Estate Planning
Subject: Law
ISSN: 0094-1794
Year: 2000
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A sorry 'estate' of affairs for qualified plan and IRA benefits: naming an estate as beneficiary
Article Abstract:
Clients who have IRAs and qualified plans should not names their estates as beneficiaries of these retirement benefits. Naming an estate as beneficiary can result in a loss of tax deferral, create additional federal fiduciary income tax liability for the estate, or impose income taxes on the estate when it distributes pecuniary bequests. Estates can address this problem by using the five-year rule, averaging lump-sum distributions, or by using post-mortem disclaimers to take advantage of plan provisions or spousal rollovers.
Publication Name: Estate Planning
Subject: Law
ISSN: 0094-1794
Year: 1996
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Determining the best exit strategy from a split-dollar plan
Article Abstract:
Split-dollar life insurance plans are useful means of compensating key employees, but are complex and may ultimately require termination. Termination or exit strategies should be anticipated when initiating such plans due to tax and other built-in costs which may make the plans inefficient. Exit strategies generally include the employee taking over all of the premium payments which were formerly split with the employer. Endorsement and collateral assignment plans require differing exit strategies. Policy crawlouts and rollouts are increasingly important and useful strategies.
Publication Name: Estate Planning
Subject: Law
ISSN: 0094-1794
Year: 1998
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- Abstracts: A marriage of convenience: the credit shelter trust and qualified plan and IRA benefits. Avoiding a penalty on early distributions from qualified plans and IRAs
- Abstracts: Pension & Roth IRA Analyzer software calculates distributions from quallified plans and IRAs. Estate Forecaster software helps practitioners evaluate estate planning strategies
- Abstracts: Using electronic technologies in the administration of qualified retirement and welfare benefit plans. Correcting errant 403(b) plans - new IRS program
- Abstracts: Special powers of appointment: the key to flexibility in planning. The LPA lid: a new way to 'contain' gift revaluations
- Abstracts: What happens when nothing is happening? Mellinger acquiescence and not much else. Themes for 2000: IRS toils while Congress spins