Beneficiary Designations in Retirement Accounts: Protecting a Lifetime of Savings Out of Stock
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Product Details
Computer Based Audio ONLY programs (No Video)
About the Seminar
The largest single asset class for most clients is financial accounts, other than personal residential real estate. These accounts may be retirement plans like 401(k)s or IRAs, annuity or insurance contracts, or a variety of brokerage or bank accounts. The crucial planning aspect of these types of accounts or contracts is that they can be transferred through beneficiary designations. Though a seemingly simple expedient, beneficiary designations vary among types of account and each comes with its own nuances - and traps, which if sprung can lead to severely adverse tax and practical outcomes. This program will provide you with a real-world guide to understanding, reviewing, and drafting beneficiary designations in trust and estate planning.
- How beneficiary designations vary depending on the type of custodial account involved
- Differences among retirement accounts, bank accounts, brokerage accounts, life insurance policies
- How designations differ depending on the type of beneficiary - individual, institutional, trust, etc.
- Payable on Death agreements for bank accounts
- Practical guidance on how designations are made & common drafting traps
- Extending benefits for maximum period possible
About the Speaker
Blanche Lark Christerson is a managing director at Deutsche Bank Wealth Management in New York City, where she works with clients and their advisors to help develop estate, gift, tax, and wealth transfer planning strategies. Earlier in her career she was a vice president in the estate planning department of U.S. Trust Company. She also practiced law with Weil, Gotshal & Manges in New York City. Ms. Christerson is the author of the monthly newsletter Tax Topics." She received her B.A. from Sarah Lawrence College, her J.D. from New York Law School and her LL.M. in taxation from New York University School of Law.
Mandatory MCLE Credit Hours
This seminar qualifies for 1.0 MCLE Credit Hour, including up to 1.0 Estate Planning & Probate and 1.0 Taxation Law Specialty Credit Hour.
This seminar qualifies for 1.0 MCLE Credit Hour, including up to 1.0 Estate Planning & Probate and 1.0 Taxation Law Specialty Credit Hour.
This seminar is an Intermediate level program.
Note: When submitting your compliance reports to the SC Commission on CLE and Specialization, if you completed this in 2020, please use this course code: 201600ADT
Note: When submitting your compliance reports to the SC Commission on CLE and Specialization, if you completed this in 2021, please use this course code: 213236ADT