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Shielding YourNest EggPresented by
We Care Because…• Help Our Clients• Help Ourselves• Assets Under Management• Personal Liability Protection• Personal Asset...
Asset Protection Basics• The Why• Not everyone manages life well• Creditors and predators• Things happen• It’s litigious o...
Asset Protection Basics (cont.)• The When• When things are copasetic• When is it too late?• After the claim has arisen• Wh...
Asset Protection Basics (cont.)• The How• Exemption Planning• The law allows you to keep some of your stuff5
Asset Protection Basics (cont.)• The How (cont.)• Entity Planning• Corporations and LLCS• Spendthrift trusts• Domestic ass...
Retirement Plan Basics• ERISA Plans• IRAs• Required minimum distributions• Stretch-outs7
Retirement Plan Basics (cont.)• Trust as owner• Trusteed IRA• Trust as beneficiary• You can, you can, YOU CAN name a trust...
Asset Protection for the Plan Participant• Exemption planning• Code of Civil Procedure § 704.115• Federal bankruptcy exemp...
Asset Protection for the Plan Participant (cont.)• Entity planning• LLC, corporation planning won’t work• Trusteed IRA• Do...
Asset Protection for the Beneficiary• Traditional planning: the outrightdistribution• No asset protection• Inherited IRA• ...
Asset Protection for the Beneficiary (cont.)• Conduit trust• RMDs are distributed to beneficiary• Stretch-out only for the...
Asset Protection for the Beneficiary (cont.)• Accumulation trust• Essential for special needs planning• Stretch-out only f...
The Moral of the Story• It ain’t easy• Other planning may be simpler• Life insurance• It can be done14
Thank You!Questions?70 South Lake Avenue | Suite 1000 | Pasadena, CA 91101P (626) 696-3145www.PasadenaLawGroup.com15
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Guarding Your Next Egg: Asset Protection and Retirement Accounts

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Here's a presentation about protecting one of your most valuable assets -- your retirement plan -- from predators and creditors. We also talk about how to make sure your beneficiaries' creditors and predators can't reach your hard-earned asset, either

Published in: Economy & Finance, Business
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Guarding Your Next Egg: Asset Protection and Retirement Accounts

  1. 1. Shielding YourNest EggPresented by
  2. 2. We Care Because…• Help Our Clients• Help Ourselves• Assets Under Management• Personal Liability Protection• Personal Asset Protection2
  3. 3. Asset Protection Basics• The Why• Not everyone manages life well• Creditors and predators• Things happen• It’s litigious out there!• The point is to make it hard for a creditor3
  4. 4. Asset Protection Basics (cont.)• The When• When things are copasetic• When is it too late?• After the claim has arisen• What happens if it’s too late?• Fraudulent conveyance laws• Possible repercussions4
  5. 5. Asset Protection Basics (cont.)• The How• Exemption Planning• The law allows you to keep some of your stuff5
  6. 6. Asset Protection Basics (cont.)• The How (cont.)• Entity Planning• Corporations and LLCS• Spendthrift trusts• Domestic asset protection trusts• Nevada, Delaware, Alaska• Offshore planning6
  7. 7. Retirement Plan Basics• ERISA Plans• IRAs• Required minimum distributions• Stretch-outs7
  8. 8. Retirement Plan Basics (cont.)• Trust as owner• Trusteed IRA• Trust as beneficiary• You can, you can, YOU CAN name a trust asbeneficiary!• Valid under state law• Irrevocable on participant’s death• Beneficiaries are identifiable• Certain documents to plan administrator• All beneficiaries are individuals8
  9. 9. Asset Protection for the Plan Participant• Exemption planning• Code of Civil Procedure § 704.115• Federal bankruptcy exemption does not apply• Other exempt property9
  10. 10. Asset Protection for the Plan Participant (cont.)• Entity planning• LLC, corporation planning won’t work• Trusteed IRA• Domestic asset protection trust• Offshore trust10
  11. 11. Asset Protection for the Beneficiary• Traditional planning: the outrightdistribution• No asset protection• Inherited IRA• Potential for asset protection11
  12. 12. Asset Protection for the Beneficiary (cont.)• Conduit trust• RMDs are distributed to beneficiary• Stretch-out only for the oldest beneficiary’slife• Creditors, predators can reach the RMDs• The rest is safe12
  13. 13. Asset Protection for the Beneficiary (cont.)• Accumulation trust• Essential for special needs planning• Stretch-out only for the oldest beneficiary’slife• RMDs are retained in trust• Creditors shouldn’t be able to accessaccount• Potential adverse income tax consequences13
  14. 14. The Moral of the Story• It ain’t easy• Other planning may be simpler• Life insurance• It can be done14
  15. 15. Thank You!Questions?70 South Lake Avenue | Suite 1000 | Pasadena, CA 91101P (626) 696-3145www.PasadenaLawGroup.com15

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