November 12, 2013
12:00 – 1:00 p.m.
1.00 MCLE hours
Liquid assets held in individual or employer sponsored “qualified plans” – traditional and Roth IRAs and 401(k)s primarily– are often the largest asset of individual estates. These accounts can also hold illiquid and difficult-to-value assets like shares of a closely held company, family real estate, art, jewelry or other nontraditional assets. Most of these accounts have tax-favored status but come with their own peculiar tax and distribution rules that can complicate trust and estate planning. This program will cover planning opportunities with trusts and traditional and Roth IRAs and 401(k) accounts, the opportunities and traps of custom versus form-driven beneficiary designations, circumstances in which re-characterization of IRAs makes sense or not, and planning with difficult-to-value assets like closely held company stock.
Blanche Lark Christerson, Deutsche Bank Private Wealth Management, New York