Background
On December 8 we made an estate planning presentation to clients, friends of the firm, and our new neighbors at the Matrix Corporate Center. The title: Planning Your Whole Estate (Coordinating Life Insurance, Employee Benefits and Other Nonprobate Property with the Rest of Your Estate Plan).
A question and answer period followed. One of the more challenging questions, relating to the ability to roll over lump sum distributions from retirement plans, inspired a post that you can find here: Lump Sum Rollover of Retirement Account Not as Simple as Expected.
Although a podcast/slide show is not quite as effective (you miss out on the questions and answers) or fun (you miss out on the food, refreshments and good-natured conversation) as the actual in-person presentation, we thought those who could not attend might appreciate the podcast/slide show as presented below in eight parts.
The Podcast/Slide Presentation
We hope you find the presentation helpful.
Planning Your Whole Estate Part 1 (your will; probate property vs. nonprobate property)
Planning Your Whole Estate Part 2 (common estate planning mistakes; life insurance beneficiary designations; trusts; guardianships; “in trust for accounts”, retirement accounts; joint property; protection from long term care costs; simple wills)
Planning Your Whole Estate Part 3 (jointly owned property; “in trust for” accounts; life insurance beneficiary and ownership)
Planning Your Whole Estate Part 4 (taxation of life insurance; retirement plan accounts; special tax problems relating to individual retirement accounts and other similar accounts)
Planning Your Whole Estate Part 5 (continuation of special tax problems relating to individual retirement accounts and other similar accounts)
Planning Your Whole Estate Part 6 (continuation of special tax problems relating to individual retirement accounts and other similar accounts; trusts as beneficiary of IRA; beneficiary designation forms)
Planning Your Whole Estate Part 7 (revocable living trusts; reasons to consider: asset management during disability and probate avoidance)
Planning Your Whole Estate Part 8 (continuation of issues relating to revocable living trusts including bogus reasons for revocable living trusts)
We hope you will join us at our next seminar. If you would like to attend, join our email list by clicking on the button below.
Posted on 12/26/2011 by Richard S. Land, Member, Chipman, Mazzucco, Land & Pennarola, LLC.
Notice: To comply with U.S. Treasury Department rules and regulations, we inform you that any U.S. federal tax advice contained in this communication is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction, tax strategy or other activity.
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