WHO SAYS YOU CAN’T CONTROL FROM THE GRAVE?
Who Says You Can’t Control from the Grave? The Appropriate Use of Trusts to Protect Your Family
Get the full picture on the appropriate use of trusts. This DVD covers how and when to avoid probate, plus trusts for minors, spendthrifts, and beneficiaries with special needs.
Trusts as Beneficiaries of IRAs & Retirement Plans
If done right, using a trust as the beneficiary of your IRA or retirement plan can protect your family and defer taxes for two generations. In the case of the beneficiary of a Roth IRA, the appropriate trust can insure tax free growth for the family for multiple generations.
Done incorrectly, or inappropriately, trusts can become a nightmare. Assuming a trust is appropriate, the key to tax protection comes from using the proper wording called “see-through” or “conduit” language. That way, your family will get the protection of a trust and the tax benefits of an inherited IRA or retirement plan.
Income taxes are a major consideration because trusts normally pay higher income taxes than individual taxpayers. This can be avoided with a perfectly legal loophole that you should know about. The vast majority
of IRA and retirement plan owners make mistakes when planning for their I RAs, Roth I RAs and retirement plans after death. We will show you how to get it right.
Should You Plan to Avoid Probate?
There are definite pros and cons to avoiding probate. Avoiding probate minimizes delays and paperwork and is less expensive for your heirs. The main way to avoid probate is through the use of a revocable or living trust. But simply establishing a trust is not sufficient. It needs to be funded to serve its purpose.
Funding a trust often means transferring certain assets like investments and even your house into the trust. These transfers take time and money. Do the advantages outweigh the disadvantages? It isn’t a slam dunk “yes” every time. Bestselling author, CPA and estate planning attorney Jim Lange will explain these topics and more in the DVD.
In this DVD, you will learn all about:
• Trusts as beneficiaries of your IRA, and/or other retirement plans, and if this planning is appropriate for you, and if so, how it
can be done.
• Avoiding probate: should you or shouldn’t you?
• Trusts for minors: “No Ferrari at 21!”
• The“I Don’t Want My No Good Son-in-Law to Inherit One Red Cent of My Money!” Trust.
• Trusts for special needs children or grandchildren.
• Tax motivated trusts, that include the cruelest trap of all for those with traditional wills.
• Spendthrift trusts: how to protect challenging adult children from themselves.
Get the full picture on the appropriate use of trusts. This DVD covers how and when to avoid probate, plus trusts for minors, spendthrifts, and beneficiaries with special needs. Also discussed is the increasingly popular, “I don’t want my no-good son/daughter-in-law to inherit one red cent trust.”