This authoritative handbook provides essential guidance for attorneys advising clients about retirement benefits under individual retirement accounts and tax-qualified plans. It offers in-depth analysis and practical advice, while exploring methods for maximizing the potential of retirement benefits — a significant asset for many clients — as an estate planning tool.
Experienced attorneys guide you through the intricacies of the required minimum distribution (RMD) rules, the nuances of beneficiary designations for IRAs and qualified plans, the legal complexities of naming a trust as a beneficiary, and the income, estate, and other tax implications. Special attention is given to the topics of charitable giving with retirement plan assets, qualified domestic relations orders (QDROs) and spousal rights, and the unique aspects of employee stock ownership plans (ESOPs). Delve into creditor protection for retirement plans, postmortem planning, Roth IRAs, and strategies for allocating assets between taxable and tax-deferred IRA accounts.
This comprehensive resource is an indispensable tool for anyone navigating the complex intersection of estate planning and retirement benefits.
Chapter 1 — Introduction to the Use of Retirement Benefits in Estate Planning
Robert S. Held, Held Law Offices, Chicago
Chapter 2 — Income, Estate, and Other Tax Considerations
Julie Sirlin Pleshivoy, Taft Stettinius & Hollister LLP, Chicago
Chapter 3 — Required Minimum Distribution Rules: Who, What, When, and Why
Sandra M. Schildgen, Wilson & Wilson Estate Planning & Elder Law LLC,Chicago
Chapter 4 — Beneficiary Designations for Individual Retirement Accounts and Qualified Plans
Joseph N. Blumberg, ArentFox Schiff LLP, Lake Forest
Chapter 5 — Naming a Trust as a Beneficiary
Meghan E. Tepas and Afton L. Gauron, Croke Fairchild Duarte & Beres LLC, Chicago
Chapter 6 — Charitable Giving with Retirement Plan Assets
Beth K. Flowers, Flowers Law, LLC, Edwardsville
Chapter 7 — Qualified Domestic Relations Orders and Spousal Rights
Michael T. Held, United States Marine Corps, Chicago
Chapter 8 — Special Considerations for Employee Stock Ownership Plans
Castles R. Hollis, Bryan Cave Leighton Paisner LLP, Atlanta, Georgia
Chapter 9 — Retirement Plans and Creditor Protection
Cindy M. Johnson, Johnson Legal Group, LLC, Chicago, and Ben A. Neiburger, Generation Law, Elmhurst
Chapter 10 — The Efficacy of Individual Retirement Arrangement Planning and Investments: Allocating Assets Between Taxable and Tax-Deferred Accounts
Steven B. Weinstein, Altair Advisers LLC, Chicago
Chapter 11 — Handling Individual Retirement Accounts and Qualified Plans After the Individual Retirement Accounts Owner or Participant Is Deceased
Joseph N. Blumberg, ArentFox Schiff LLP, Lake Forest, and Kenneth T. Little, Baker & Hostetler, Costa Mesa, CA
Chapter 12 — Roth Individual Retirement Arrangements
Ryan M. Holmes, Adam M. Ansari, and Mallory A. Kallabat, Clark Hill PLC, Chicago
Chapter 13 — Postmortem Planning
Jennifer A. Mendel, Barnes & Thornburg LLP, Chicago
Chapter 14 — Alternative Investments in Individual Retirement Accounts
Robert S. Held, Held Law Offices, Chicago
