Inherited IRAs: Tax Issues and Planning

Agenda / Content Covered

• The SECURE Act and the Elimination of the Stretch
  11:00 — 11:30, Louis Silverman
• Inherited IRA Fundamentals
  11:30 — 12:15, Louis Silverman
• Designing and Managing Inherited IRAs
  12:30 — 1:15, Louis Silverman
  1. Beneficiary Designation Forms
  2. Timing of the Required Minimum Distributions
  3. What Surviving Spouses Need to Know and Do/Avoid
  4. Multiple Beneficiaries: Problems and Solutions
  5. Changing Custodians
• IRA Trusts: Conduit vs. Accumulation
  1:15 — 2:15, John Bedosky
  1. Standalone Trust vs. Will or Revocable Trust
  2. Separate Trusts vs. Single Pot Trust
  3. Sample Trust Language Review (Key Provisions to Include)
  4. Making Changes to the IRA Trusts that No Longer Work

Accreditation Details:

JOHN R. BEDOSKY is of counsel to Hinman, Howard & Kattell, LLP, active in its estate planning practice group, and is a senior consultant with The Lustig Group, LLC. He has extensive experience representing individual and business clients in a variety of estate planning matters, including business succession planning; family wealth accumulation, preservation and transfer planning; estate and trust administration; fiduciary litigation; and related taxation matters. Mr. Bedosky has been an adjunct professor of law at the University of Minnesota Law School, the University of St. Thomas, and William Mitchell College of Law; an adjunct business taxation professor at the University of Minnesota’s Carlson School of Management; and a visiting professor of law at William Mitchell College of Law. He earned his B.S. degree, magna cum laude, from Villanova University; and his J.D. degree, magna cum laude, Syracuse Law Review, from Syracuse University College of Law. Mr. Bedosky earned his L.L.M. (estate planning) from the University of Miami School of Law.

LOUIS A. SILVERMAN is an attorney at Silverman Law Offices, where he practices in the areas of estate planning, estate administration, probate law, and related tax matters. Mr. Silverman became board certified in estate and trust law by the State Bar of Arizona. His practice emphasizes estate planning, which includes wills and trusts and other estate planning devices, and trust administration and probate, which includes death probate, guardianship, and conservatorship. Mr. Silverman has served as judge pro tem on the Maricopa County Superior Court. He is a member of WealthCounsel and is a past member of the Elder Law, Mental Health and Special Needs Planning Section of the State Bar of Arizona. Mr. Silverman is on the Board of Trustees of Southwest College of Naturopathic Medicine and past president of the Board of Directors of Tempe Leadership. Mr. Silverman earned his B.S. degree in business from Arizona State University and his J.D. degree from South Texas College of Law in Houston. He is admitted to practice in the state courts of Arizona and Texas, the U.S. District Court for Arizona, and the Western District of Texas.