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Are inherited IRAs protected from creditors of the beneficiary of an inherited IRA under New York State law based on a recent court case of first impression?

If you’re not sure how to answer this question, this event is right for you!

Retirement assets often represent a substantial portion of a taxpayer’s wealth. The retirement assets may be accumulated in a 401(k) plan, 403(b) arrangement, in another kind of qualified plan, or in an IRA. Regardless of the retirement arrangement involved, the tax consequences of making the right move at the right time can be financially beneficial—or conversely, financially hazardous—for the taxpayer and the taxpayer’s family.

This program will help you avoid common errors when dealing with retirement assets
during your client’s lifetime and after your client’s death. Tax planning with retirement assets, including integrating retirement assets in an estate plan, will be discussed.

The program is designed for CPAs, attorneys, or financial planners who have clients with substantial retirement assets.

8:00–9:00 Registration and Hot Beverages9:00–10:40

  • Common errors in retirement distribution planning
  • How to handle a non-compliant client who has violated the required minimumdistribution rules
  • Statute of limitations on IRA penalty issues
  • How to use Form 5329 to request a waiver of the required minimum distribution 50%penalty tax
  • Personal liability of fiduciary who knows about the penalty
  • Why many beneficiary forms are defective10:40–1:00 Break11:00–12:40
  • How the Inherited IRA rules work for a non-spouse beneficiary (including examples)
  • How the Inherited IRA rules work with multiple non-spouse beneficiaries (withexamples)
  • Overview of spousal IRA rules (with a few examples)
  • Application of One-Per-Year Limit on IRA rollovers (with examples)
  • Inherited IRAs after 2014 U.S. Supreme Court decision in Clark V. Rameker
  • Use of separate spendthrift trust as beneficiary of an inherited IRA for asset protectionand estate planning purposes
  • Recent court case of first impression holding that inherited IRAs are not protectedagainst creditors under New York State law
  • Use of IRA trusts after the Tax Cuts and Jobs Act12:40 Program Concludes

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Seymour Goldberg, CPA, MBA, JD

Seymour, a senior partner in the law firm of Goldberg & Goldberg, P.C., Long Island, New York, is Professor Emeritus of Accounting, Law and Taxation at Long Island University. He has taught many CLE and CPE programs at the state and national level as well as CLE courses for the American Bar Association, New York State Bar Association, City Bar Center for Continuing Legal Education, NJICLE, local bar associations and law schools.

Mr. Goldberg has been quoted in major publications including the New York Times, Forbes, and The Wall Street Journal. He was formerly associated with the Internal Revenue Service and has been involved in conducting continuing education outreach programs with the IRS. He has authored guides for the American Bar Association and the American Institute of Certified Public Accountants on IRA compliance issues. Mr. Goldberg is the recipient of Outstanding Discussion Leader Awards from both the AICPA and the Foundation for Accounting Education. His IRA guides can be found in well over 100 law school libraries.

CLE credit for 4 hours in Professional Practice, nontransitional. The CLE course provider is IRG Publications. You will receive an electronic copy of the presentation in advance of the program, which is your reference material. Certificate of Attendance from IRG Publications, the CLE course provider, will be sent to attorney attendees electronically within 20 days after the program, using the New York CLE Certificate of Attendance. If an attendee is attending from a state other than New York, it will be the responsibility of the attendee to verify with their local State Bar Association regarding the acceptance and amount of individual courses for CLE credit.
We have a Financial Hardship Policy for attorneys. Please contact 516.222.0422 for details

www.kaplanfinancial.com

 

Inherited IRAs: What the Practitioner Must Know

A live event presented by Kaplan and Seymour Goldberg

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“Are inherited IRAs protected from creditors of the beneficiary of an inherited IRA under New York State law based on a recent court case of first impression?

If you’re not sure how to answer this question, this event is right for you!

Registration is NOW OPEN for Inherited IRAs: What the Practitioner Must Know. Earn CLE credit, CPE credit, or CFP® certification CE.

Until November 12th, SAVE $20 on your enrollment with our early-bird discount!

DATE: November 28, 2018

LOCATION: NY City Bar Association, 42 W 44th St, New York

PRICE: $179 $159 until November 12, 2018

LEVEL: Basic

CREDITS: 4.0 credits can be applied towards CLE, CPE, or CFP®certification CE

Learn More!  »
www.kaplanfinancial.com | 866.602.7537
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CLE credit for 4 hours in Professional Practice, nontransitional. The CLE course provider is IRG Publications. You will receive an electronic copy of the presentation in advance of the program, which is your reference material. Certificate of Attendance from IRG Publications, the CLE course provider, will be sent to attorney attendees electronically within 20 days after the program, using the New York CLE Certificate of Attendance. If an attendee is attending from a state other than New York, it will be the responsibility of the attendee to verify with their local State Bar Association regarding the acceptance and amount of individual courses for CLE credit.

For Financial Hardship Policy for attorneys, please contact IRG Publications at 516-222-0422 for details.

Kaplan Financial Education is a CFP Board CE Sponsor. This course has been accepted by the CFP Board for 4 CE hours.

SmartPros and the Loscalzo Institute are part of the Kaplan organization. Kaplan, Inc., is a subsidiary of Graham Holdings Company.

©2018 Kaplan, Inc. All Rights Reserved.
Kaplan Financial Education | 332 Front Street South, Suite 501 | La Crosse, WI 54601

 

Mr. Seymour Goldberg lectures for many professional organizations including Bar Associations, Accounting Organizations as well as Brokerage and Financial Institutions.

He has been quoted in the New York Times, Forbes, Fortune, Money Magazine, U.S. News & World Report, Business Week, and The Wall Street Journal and has also been interviewed on CNN, CNBC and WCBS.

We also work with attorneys and others in advising them or their  clients on how to handle the post death maze of the IRA distribution rules as well as guiding the attorney on the IRS rules involving IRA trusts.

Contact GGPC to arrange a professional seminar at your venue.

Goldberg & Goldberg PC
445 Broadhollow Road
Suite 25
Melville, New York 11747
516-222-0422 p
516-222-2773 f