The Legacy IRA: How to Preserve Retirement Assets and Client Wealth

Many Estate Planning Attorneys are familiar with strategies that create valuation discounts on assets such as real estate and business interests.  But when it comes to wealthy clients that accumulated substantial IRA assets, the assumption is they will consume the asset during retirement or donate it to charity.  This program will outline a planning strategy designed for the client that will not consume their IRA asset during retirement and desires to transfer the asset to their children while (a) minimizing Income and Estate Taxes, and (b) protecting the asset from creditors, predators and divorce.

Learning Objectives: 

1. Understand the deterioration to an IRA asset caused by Income and Estate Taxes

2. Discuss the steps a client can take to preserve and protect the IRA asset for the benefit of children and grandchildren

3. Identify the client that is best suited for the Legacy IRA strategy