For Better or for Worse: Spousal Rights in Retirement Plans
Event Lisa Weinstein Burns
May 14, 2019 12:00PM - 1:30PM EST
ALI-CLE and ACTEC
Location & Time:
12:00-1:30 PM EST
Why You Should Attend
Rimon Partner, Lisa Weinstein Burns, will be presenting on spousal issues under common law relating to retirement plans.
While the available tax incentives motivate more and more people to hold substantial wealth in qualified plans and individual retirement accounts, many plan participants don’t understand how the distributions work or how to pass that tax benefit on to their beneficiaries. Who can be a designated beneficiary? How do the distribution options change for beneficiaries that are spouses vs. non-spouses? What happens when the account owner is divorced or remarried? In this 90 minute webcast, we’ll explore how spousal rights to retirement plans can vary from state to state and what your clients can to do ensure that their assets go to their intended party.
What You Will Learn
The presenters, all highly experienced estate planning practitioners and Fellows of the American College of Trust and Estate Counsel (ACTEC), will review:
- The impact of Windsor and Obergefell on retirement plan benefits in same-sex unions
- Spousal rights in retirement plans subject to ERISA
- How spousal rights can vary considerably among the common law and community property states
- ERISA preemption of state laws
- Case studies illustrating spousal rights in both common law and community property states
- Best practices in planning to maximize chances that clients’ intended outcome will occur
All registrants will receive a set of downloadable course materials to accompany the program.
Who Should Attend
All estate planners and employee benefits practitioners will benefit from attending this webcast from ALI CLE and ACTEC.
Lisa Weinstein Burns is a partner in Rimon’s Trust and Estates Group. Lisa approaches estate planning as a holistic process. Estate planning is one of the most important investments a person can make. Ms. Burns seeks to protect a family’s well-being by preserving the wealth that has taken a lifetime or more to acquire through creation of a plan to promote family harmony and minimize taxes to the extent feasible. She listens to clients’ needs and coordinates with their advisors to customize documents and overall planning strategies to meet those needs. Read more.